China Financial Daily

Institutions is expected to increase the domestic GDP growth rate is expected to improve the profitability of the business
In economic data released in May on the eve of a number of agencies have issued yesterday, the macroeconomic forecasts. The results showed that the economy showed further signs of warmer. Shenyin [4.61 -0.22%] Securities research department, said the current economic situation was better than expected, the increase in the GDP growth rate in 2010 to 8.5%. Standard Chartered Bank is the size of bank credit is expected to maintain a rapid growth throughout the year new credit is expected to reach about 8 trillion yuan.

Economic growth better than expected

“We expect the economic situation than optimism, so we up in 2009 and 2010 the growth rate of fixed asset investment to 27.1% and 23.6%; in 2010 GDP growth upward to 8.5%, 8.3% to maintain this year’s judge.” Shenyin securities Li Huiyong, chief macroeconomic analyst said that government investment and real estate sales, investment in better than expected, driven by V-shaped rebound in China’s economic trends become more pronounced. Reflected in the prices, the deflation will ease the speed of faster than expected, he predicted that prices will continue during the year was U-shaped trend of CPI from the beginning of the month will be 6,7 bottom up, bottom 8,9 uplink will be the month of PPI. And in 2009 the CPI and PPI is expected to approach or -1% and -5.5% in 2010 and the PPI or CPI is approaching 2% and 3%.

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