year-end, with a higher inflation rate and consumer price index (CPI), announced the international organization in a report Tuesday.
" \' U% K7 H5 }7 ]! R 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.8 f! y X# e5 e3 m- o u3 b9 l$ C
In September only, China's foreign exchange rate added 406.769 billion yuan ($61.136 billion), a record high in the past 16 months.; y: y' v2 l: g7 Q8 u/ k* ]5 \
But according to the bank, in 2011, China may see a slower economic growth, estimated at 8.5 percent. |