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China’s GDP May Grow 9.5% in 2011, Securities Journal Reports

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Nov. 1 (Bloomberg) -- China’s economy may grow 9.5 percent in 2011, the China Securities Journal reported today, citing estimates by Fan Jianping, chief economist at the State Information Center.

China may keep a moderately loose monetary policy stance and maintain new loan growth at 7.5 trillion yuan next year, the Beijing-based newspaper reported, citing Fan. The nation’s 2011 trade surplus may narrow by about 19 percent from this year to $140 billion, Fan was cited as saying.

The State Information Center is a research agency under the National Development and Reform Commission.

To contact the editor responsible for this story: Bloomberg News at jliu42@bloomberg.net

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