China's industrial production 'will grow'
Updated: 2012-12-04 17:09
By Hu Yuanyuan (chinadaily.com.cn)
China's industrial production growth is expected to rise further to 10 percent in November from 9.6 percent previously, Barclays said in a research note on Tuesday.
China will release key November economic data from this Sunday.
Fixed asset investment growth is likely to edge higher on continued support from infrastructure investment.
"We expect retail sales to remain at 14.5 percent, in line with the robust consumer sentiment in recent months," said Chang Jian, an economist with Barclays. "And we forecast import growth to edge lower to 1 percent from 2.4 percent due to base effect." Base effect refers to the fact last year's figures were higher.
On inflation, the bank forecasts the year-on-year CPI inflation will rise to 2 percent from 1.7 percent previously on higher food inflation, as the year-on-year pork and vegetable prices continue to rise, the note said.