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ABAC warns of rising inflation in China

02-16-2011 14:13 BJT

The APEC Business Advisory Council has more to say on China's economy. It expects China's economic growth to remain strong in 2011, but warns that inflationary pressures are likely to rise further due to climbing food prices.

The council says rising commodity prices will also continue to contribute to inflation in emerging and developing economies. How to contain the pressures while maintaining economic growth will be a key challenge for these economies.

The economic outlook report also sees China's robust growth in household spending, manufacturing investment and exports, offsetting a slowdown in property-related and urban fixed-asset investments. It also sees continuous growth in household spending as incomes in China rise at a rapid pace.

Editor:Xiong Qu |Source: CNTV.CN

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