Bloomberg News

Goldman Economist Says Chinese Inflation ‘Basically Controlled’

October 28, 2011

Oct. 28 (Bloomberg) -- China’s inflation has been “basically controlled,” Goldman Sachs Group Inc. economist Song Yu said at a briefing in Beijing today.

A reduction of reserve requirements for banks or of interest rates is unlikely, Song said. Property tightening will be maintained and the yuan’s appreciation will slow, he said.

The nation’s economy may grow 8.6 percent next year with inflation of 3.1 percent, Song said.

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