China’s Growth May Top 11% Even as Officials Rein in Lending

From Bloomberg:

China’s economy, the world’s third biggest, may expand at a faster pace in 2010 even as officials cool lending to restrain inflation and avert asset bubbles.

Goldman Sachs Group Inc. maintained its forecast for 11.4 percent growth after the central bank raised reserve requirements for lenders on Feb. 12. That compares with an 8.7 percent expansion last year.

Declines in stocks and commodities because of the reserve- ratio announcement highlighted concern that monetary tightening in China may trigger a slowdown that undermines the global recovery. Rebounding exports, up for a second month in January, may boost a Chinese economy that last year depended on its own stimulus-fueled investment and consumption for growth.

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