January 22nd, 2011
Reuters: The year of the rabbit is starting with some good news. China's economic growth quickened in the fourth quarter, while consumer inflation eased in December from a 28-month high in November. Follow up:
Follow up:COMMENTARY FROM DONG XIAN'AN, CHIEF MACRO ECONOMIST WITH INDUSTRIAL SECURITIES, BEIJING:
"China's economic drivers, including investment, exports and consumption, are returning to its long-term average levels in month-on-month terms.
"Inflation is expected to fall after the Spring Festival and before early March in monthly terms at the earliest.
"The authorities have been very swift in tightening its policies these days to curb overheating risks.
"Data shows that the economy is on track for a soft landing.
"We think the Chinese economy will be more stable this year than the last three years."