ChinaÃ¢â‚¬â„¢s economy will grow in 2010 at a similar rate to the previous year, but it is starting to see signs or inflation forming, PeopleÃ¢â‚¬â„¢s Bank of China Deputy Governor Zhu Min told CNBC at the World Economic Forum Wednesday.
[mserve id=”Central_Bank_PBOC.jpeg” align=”left” width=”250″ caption=”People’s Bank of China ” alt=”Peoples Bank of China PBOC Central” title=”People’s Bank of China”]
The economy grew at 8.7 percent last year and should grow 8 to 9 percent this year, Zhu said, but the country wants to be Ã¢â‚¬Å“very careful managers of inflation.Ã¢â‚¬Â
Ã¢â‚¬Å“Inflation is not there yet, but expectations are forming,Ã¢â‚¬Â he said.
Concerns about ChinaÃ¢â‚¬â„¢s attempts to rein in credit growth have hit global stock markets in recent days.
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