Official think-tank keeps rosy forecast

The fundamentals of China's economy are unscathed by the financial meltdown sweeping the world and the mainland would see relatively stable and fast growth next year, the government's top think-tank said.

The Chinese Academy of Social Sciences (CASS) forecast that gross domestic product would grow 10.1 per cent this year and 9.5 per cent next year with the consumer price index, the main gauge of inflation, rising 6.5 per cent this year and 4.5 per cent in 2009.

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