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World Bank to raise China's economic forecast to 10% this year

Source: Internet
Author: User
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The World Bank released its "China Economic Quarterly" November 3, raising the economy's growth rate from 9.5% to 10% this year, while predicting a growth rate of 8.7% per cent in 2011. The quarterly report also notes that China's headline inflation is unlikely to rise sharply, with interest rates still up. Inflation is likely to be above 3% per cent for some time, but headline inflation is unlikely to rise sharply, the bank said.

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