China's economic growth to ease to 8.7 percent in 2012: Economist

Beijing, Oct 16(ANI): China's economy growth will ease to 9.4 percent this year before further slowing to 8.7 percent in 2012, an economist has said.

The Consumer Prices Index (CPI), a major inflation gauge, will hit 5.5 percent for the full year of 2011, and will dip to four percent next year, Fan Jianping, director of economic forecasting at the State Information Center, said in a forum on China's economy held by Tsinghua University.

He also believes that exports will inject less momentum into the country's economy in 2012, Xinhua reports.

Exports, investment and consumption are three major engines that power China's economic growth.

China's economy had expanded by 9.6 percent year-on-year in the first half of 2011. (ANI)