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China’s annual economic growth probably slowed to 9.3 percent in the third quarter from 9.5 percent in the second quarter, with inflation still high, a think-tank said in a forecast issued on Monday (25 /7) quoted by Reuters.

Estimates by the National Development School at Peking University noted a continued slowdown in the world’s second largest economy, which grew by 9.7 percent pace in the first quarter of this year. “The rapid growth in the last 30 years will eventually slow down. The problem is when it will happen and how quickly,” said China Securities Journal quoted Guoqing Song, a professor at the school. “Although economic data is not good, people do not have to worry too much about it,” said Song.

“Gradual slowdown in the economy is the result of government policies that make monetary tightening to control inflation,” analysts said.

The average annual inflation will be in the range of 5.9 percent in July-September period, compared with 5.4 percent in the first half, far exceeding the government’s annual target by 4 percent. Annual inflation reached a three-year high in June at 6.4 percent.

China will exceed the U.S. and dominate global trade in 2030, says a leading accounting firm.

China global trade ready to surge exceed the U.S. in 2030, according to a report from PricewaterhouseCoopers (PwC).

Currently, China’s international trade worth 2.21 trillion dollars, compared with 2.66 trillion U.S. dollars.

China established as the world’s second largest economy earlier this year, taking over the Japanese.

According to the PwC report, the coming years will be seen global trade through a fundamental change as new economies like China and India began to dominate the air transport routes and major sea.
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China’s inflation likely will rise more than 5% this year, per March. Thus, the central bank would be pressured to raise interest rates.

Although the government began to tame price pressures, the combination of low base effect, the increase in world commodity prices and the cost of services will push inflation to its highest point during the last three years.

“This will happen in the coming months. Analysts believe the consumer price index per March will penetrate 5% and will be bad for Read it all..

China’s economic growth surged 11.9% in the first quarter, the possibility of providing space for Beijing to let its currency rise, but analysts warned that the country is facing increasing pressure to cut the stimulus and maintain its economy from overheating.

Strong performance is likely to allow loosening of political control of the currency by changing the possibility of losses in export industries. Analysts hope that Beijing would let the Yuan rise this year, although President Hu Jintao and others have rejected the Read it all..