Beijing, Nov 20(ANI): Chinese economic growth is expected to slow down to 9.2 percent in 2012, as compared to 9.4 percent this year, a university report has suggested.ccording to the Beijing-based Renmin University report, Chinese economic expansion will continue the easing trend in the first half of 2012, and inflation would dip next year, Xinhua reports.
The continuous economic slowdown will lead to a significant shift in the government's macroeconomic policies, which will stimulate the economy and avoid a double-dip recession, the report added.
Chinese gross domestic product (GDP) slowed to 9.1 percent in the third quarter of 2011 as compared to 9.5 percent in the second quarter and 9.7 percent in the first quarter.
The Chinese Government has made its top priority to rein in inflation as its top priority and adopted monetary-tightening policies.
The Chinese central bank has raised interest rates three times and hiked reserve requirement ratio (RRR) by six times so far this year.(ANI)
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