Consistent forecast: October GDP growth rate of 28.6%

by Bao Zhe November 5, "The crystal ball China macroeconomic October consensus forecast", released by the Securities Market weekly by Sina Finance Exclusive network, shows that the expected average rate of GDP growth in October is 28.6%. Consistent expected survey data show that the annual GDP growth rate of October expected maximum value of 42.36%, the lowest value of 15%, the median 28.6%.　　The expected mean value of GDP growth in October rose by 4.5% from the actual value of 24.1% in September. Xiang Finance Securities strategy researcher Wang Tan in a telephone interview, said that September 2009 national total imports amounted to 103 billion U.S. dollars, the same year October back to 86.78 billion U.S. dollars.　　As a result, the large base change in the same period last year was an important factor in the growth of the year-on-year growth of imports in October.　　Wang Tan pointed out that the current national consumption demand is strong, coupled with the country's current control of imports to maintain a balance of trade will also keep the value of imports to maintain a high year-on-year growth rate.　　Zhangxiaolei, a researcher at Jinpeng Futures Economics Limited, said in a telephone interview that the general rise in international raw material prices had made imports more tense in the four quarter, while rising commodity prices had boosted import costs, prompting a certain rise in imports in October.　　Referring to the growth in gross imports in 11 and December, Wang Tan said that in the coming February, the growth rate of imports would continue to rise, with total imports expected to be more than $1.3 trillion in 2010. The agencies involved include BofA Merrill Lynch, Paris-France Securities, Standard Chartered Bank, Citibank, HSBC, Bank of China (601988.SH/03988.HK), ICBC (601398.SH/01398.HK), CICC, Wanguo, Merchants Securities ( 600999.SH).