China’s GDP May Surge 12% on Rebound in Exports
From Bloomberg:
China’s growth may surge to as much as 12 percent next year, increasing the risk from inflation unless the government raises interest rates, according to Citic Securities Co., the nation’s biggest listed brokerage.
The economy may be boosted by a rebound in exports and domestic spending next year, said Zhu Jianfang, chief economist at the Beijing-based brokerage. He expects the benchmark lending rate to increase by between 27 basis points and 54 basis points from 5.31 percent. A basis point is 0.01 percentage point.
“We will see a change in monetary policy next year, otherwise, the growth will reach 12 percent, which will be a bit too fast,” Zhu said in an interview after his presentation at a forum in Shanghai.
Origin: Zhang Shidong, Bloomberg
