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Economic Updates: GDP, Inflation, FDI & Trade

While the IMF estimates that China’s GDP will grow at 10 percent in 2008 (below an earlier NDRC estimate [1]), a bigger number, which is causing more angst is that for inflation. Already hitting the headlines (and driven by food price increases) Goldman Sachs recently increased its prediction from 4.5 percent (which was in line with the NDRC’s 4 percent estimate [1]) to 6.8 percent for 2008, while January figures indicate CPI hit 7.1 percent before rising to 8.7 percent in February.

Meanwhile foreign direct investment (FDI) in China, while being redefined [2], has also maintained its momentum, as Xinhua reports:

As for trade, and the all important trade surplus [3], AP notes:

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