National Information Center: It is unlikely that inflation will increase by 8.5% next year.

The National Information Center released a report on the 3rd that China's GDP growth rate is expected to reach 8.5% next year, which is roughly the same as in 2009. Economic growth and prices are expected to achieve "stable" operation, and there is little possibility of obvious inflation in the short term. However, it is not appropriate to further increase the expansion policy in the future.
The report predicts that although the economy may continue to recover steadily, the oversupply in total is still the basic feature of economic operation. It is expected that the consumer price index (CPI) will rise by about 2.5% next year, and there will be no obvious inflationary pressure.
The report suggests that if the global economy continues to recover slowly, China's macroeconomic policy orientation should remain basically unchanged next year, and continue to implement a proactive fiscal policy and a moderately loose monetary policy. The fiscal deficit will remain at around 3% of GDP, and broad money supply will be maintained. (M2) The year-on-year growth rate of the balance was gradually controlled to about 18% during the year. The scale of new loans was controlled within 8 trillion yuan. The scale of financing from the securities market was greater than that in 2009, and the whole society was relatively loose.

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