Analysts foresee China’s GDP will rise by 9.28 percent in 2011

A research group jointly organized by the National University of Singapore and China-based Xiamen University has predicted that China's gross domestic product (GDP) in 2011 will increase by 9.28 percent year on year, while China's consumer price index (CPI) for the current year is expected to rise by 5.34 percent from 2010.
 
The research group also said it foresaw that China's GDP in 2012 will indicate a year-on-year increase of 8.91 percent, while its CPI will drop by 4.93 percent year on year.
 
The above predictions are based on the assumption that US GDP in 2011 will rise by 1.7 percent year on year, that European countries will successfully avoid a debt crisis, and that the Chinese government will maintain current interest rates stable until the end of this year.