China Economy May Expand 10.8 Percent, Central Bank Research Report Says

(Bloomberg) -- China's 2007 economy may expand at
the fastest annual pace in 12 years while inflation surpasses the
government's target, according to an economic forecast today by
the country's central bank.

Gross domestic products may grow 10.8 percent this year, the
fastest pace since 1995, the People's Bank of China said in a
research report published today in the state-owned China
Securities Journal newspaper. Consumer price index may accelerate
to 3.2 percent, topping the government's 3 percent target and the
fastest pace since 2004.


Read more at Bloomberg Emerging Markets News