year-end, with a higher inflation rate and consumer price index (CPI), announced the international organization in a report Tuesday.
; s$ y, R1 ^- }7 U; J 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.
" N. [/ ?" y& X: \0 D4 K In September only, China's foreign exchange rate added 406.769 billion yuan ($61.136 billion), a record high in the past 16 months.
5 O- M& E5 s Z, c But according to the bank, in 2011, China may see a slower economic growth, estimated at 8.5 percent. |