Annual GDP growth is expected to exceed 10%CPI 3%

A report released yesterday by the National Information Center's macroeconomic situation group reported that consumer prices for the four quarter will hit a quarterly high of 3.8%.　　Comprehensive forecast, this year's gross domestic product (GDP) can achieve more than 10% of the growth, the annual CPI increase will be slightly more than 3%, can basically achieve regulatory targets. The four-quarter CPI will be innovative high report that the four-quarter push price upward factor roughly has four aspects, first, the agricultural product price rises the momentum to be more fierce; second, the international commodity price rises, the input inflation pressure increases; third, energy-saving emission reduction and factor price reform, will make the water, electricity, gas, oil and other energy resources prices higher Four is the increase in labor price pressure.　　At the same time, the four quarter also exists to curb price increases, mainly, the national management of inflation expectations of the policy measures are strong; preliminary estimates autumn grain is expected to receive a bumper harvest this year; Based on the above factors, the report initially estimates that consumer prices in the four quarter rose 3.8%, a 0.9% increase from the 1-3-quarter gain, a year-high quarterly record. The cumulative CPI increase will be slightly higher than 3% in the year, basically can achieve the regulation target.　　The report suggested that the relevant departments should timely promote monetary policy from expansion to neutral. Economic growth has eased the report points out that in the four quarter of this year, China's main macroeconomic indicators will be the majority of the good, consumer price index over the regulatory target, but still within the society can afford. The economic growth rate will fall further, influenced by the complex and changeable world economic environment, the domestic capacity expansion of the high energy-carrying industry, the adjustment of the real estate, the increase of inflationary pressure and the increase of the base rate of the same period. Initial estimates of GDP growth in the four quarter were 8.7%.　　Throughout the year, economic growth is expected to reach 10%, surpassing the historical average growth rate since the reform and opening-up. The report stressed that although economic growth in the four quarter slowed compared to the third quarter, but does not mean that the economy cooling, should be objective to understand the economic growth trend in the four quarter. First of all, the slowdown of economic growth in the four quarter is the result of China's active adjustment of industrial structure, increase of energy saving and emission reduction and elimination of backward capacity. Second, China's economic growth momentum and expectations remain strong. China's PMI index rose to 54.7% in September, a record high of nearly 6 months. Again, the base was higher in the four quarter last year. (Reporter Ma Wenting)