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Trade surplus growth predicted to slow to 6%

(Xinhua)
Updated: 2007-02-01 14:19

However, Wang Xiaoguang, an economist with the NDRC who wrote the report, said, "The prediction was made before the government revised the finalGDPgrowth figure to 10.7 percent. Therefore, we can only say the economy growth in 2007 will be around 10 percent, not specifically below," he said.

The report also warned against a sharp or one-off appreciation of theRenminbi, saying that such a measure would harm domestic industries and affect financial stability.

Fixed assets investment, one of the economic growth engines, will grow by 22 percent to 13.5 trillion yuan (1.69 trillion U.S. dollars) in 2007, the report predicted.

The volume ofretailsales will hit 9.15 trillion yuan in 2007, up around 13 percent. Theconsumer price index(CPI), a major inflation indicator, will increase by 1.5 to 2 percent this year.