According to an annual blue paper released by the Chinese Academy of Social Science Chinese economy is forecast to grow by more than 9% next year.

The blue paper said despite the huge uncertainty in 2009, China could still achieve a 9% growth as long as it unveils timely and suitable macro-economic control measures to boost domestic demand.

Economic growth slowed to 9% in the third quarter from 10.4% in the first half and 11.9% last year. Economic data for October and November showed further downside risks.

Amid rising worries over an economic slump, China unveiled a CNY 4 trillion stimulus package on November 9th to boost domestic demand. It has also cut the lending rate by 1.08 percentage points as of November 27th the largest reduction in 11 years and the fourth cut since mid September.

The government think tank also said the consumer inflation could be below 5% next year.