year-end, with a higher inflation rate and consumer price index (CPI), announced the international organization in a report Tuesday.
! i# [8 v# t ^$ B" ?9 [5 [ The leveled up inflation in the country this year is to blame on reasons such as the rise in prices of imported raw materials; the rise in prices of agricultural products domestically and the rising cost of the Chinese labor force, to cite a few.
- ]% H0 n8 B+ U7 L$ ^/ v( I% L In September only, China's foreign exchange rate added 406.769 billion yuan ($61.136 billion), a record high in the past 16 months.; G/ e& J: `1 ?4 ]: q2 Q9 x$ W# e
But according to the bank, in 2011, China may see a slower economic growth, estimated at 8.5 percent. |