Reuters quoted a government think tank said China economy is expected to grow about 9.5% this year slowing slightly from last year as the push from stimulus spending fades.

China expected to publish its 2010 gross domestic product data next week, grew about 10% last year.

The State Information Centre said in the report published in the China Youth Daily that consumer price inflation was likely to be controlled at about 4 percent in 2011 in line with the government's target. Fixed-asset investment growth was expected to slow to 24% restrained by property tightening measures and curbs on local financing vehicles.

It said global economic uncertainties would weigh on exports which were expected to increase 16% down from 31% growth last year. With imports growing about 20%, the country full year trade surplus was likely to narrow further to USD 165 billion in 2011 from last year USD 183.1 billion.

The report also said the central bank would maintain its prudent monetary stance, with the broad M2 measure of money supply growing about 16% and new yuan loans reaching about CNY 7 trillion. That would mark a slowdown from the nearly CNY 8 trillion in new loans last year, as the government tries to rein in credit growth to keep a lid on inflation.

(Sourced from Reuters)