China Sees Inflation Signs, but Remains Accommodative

China’s economy will grow in 2010 at a similar rate to the previous year, but it is starting to see signs or inflation forming, People’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 “very careful managers of inflation.”

“Inflation is not there yet, but expectations are forming,” he said.

Concerns about China’s attempts to rein in credit growth have hit global stock markets in recent days.

CNBC

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