China Will Grow Strong This Year

China's economy is believed to grow more strongly this year in line with inflation. This was disclosed by the Deputy Governor of the Central Bank of China.

"I believe China's growth rate to around 8% this year," said Yi Gang in the World Economic Forum in Davos, Switzerland. Based on the calculation, consumer price inflation could reach 3% or slightly higher.

World's second largest economy grew by 7.8% last year, well below the average growth in the last three decades that touched 10%. However, the achievement of 2011 was much better than the government and analysts predicted that puts the target at 7.5%.

The annual rate is driven by a recovery in industrial production and exports in the fourth quarter, which grew 7.9%. Economists predict slow recovery this year, but much more stable.

Keep in mind, China's inflation rose to 2.5% in December 2012 from the position of November 2%. Beijing tried hard to balance the economy with the global crisis in a way to boost domestic consumption.

Central Bank rate, the domestic sector role to sustain strong economic growth in China.