China Securities Daily 11 Summary Of Major Financial News
Experts predict 2010 Gross domestic product Growth rate or slightly more than 10%
The home Statistical Bureau will announce the main economic operation data in 2010.
Experts predict that GDP growth will reach or slightly exceed 10% in 2010 as the growth of external demand exceeds expectations, of which the GDP growth of 9% in the four quarter.
Driven by new price increases such as vegetables, consumer prices rose by 3.3% in 2010, exceeding the expected target of 3%.
2010
Import and export
Surging 34.7%
According to the data released by the General Administration of Customs on 10, in 2010, the total value of China's imports and exports increased by 34.7% compared with 2009.
Balance of trade surplus
For us $183 billion 100 million, a decrease of 6.4%, the ratio of surplus to total imports and exports continued to decline.
In December 2010, the monthly scale of both import and export set a historical record.
ABC predicts interest rates 2 or 3 times in 2011.
The Agricultural Bank's economic report released on 10 may predict that the GDP growth rate will be 9.5% in 2011, and the CPI growth rate will be 4.3%. The consumption is expected to accelerate. Before the price is high and low, it is expected that the central bank will raise interest rates 2-3 times, the overall interest rate increase will be 50-75 basis points, the RMB will appreciate 4%-6% against the US dollar, and the credit target will be 7-7.5 trillion yuan.
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