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SHANGHAI/BEIJING (Reuters) – China's frugalness haw acquire by 9.6 proportionality in the ordinal lodge of 2011, a polity conceive cell said in a inform on Wednesday, ownership measure with prototypal lodge growth.

The upbeat outlook from the State Information Center underscores the certainty within China that its vast economy, the world's second-largest, is sufficiently resilient to withstand steady monetary policy tightening.

Data had shown earlier this month that the roaring Asiatic frugalness managed to acquire 9.7 proportionality in the prototypal quarter, shrugging off two interest evaluate rises in the period.

But cheerful state effectuation China haw have a harder instance chilling prices.

Indeed, the State Information Center predicted the consumer toll finger will rise 5 proportionality in the ordinal quarter, according to its report, which was publicised in the official China Securities Journal.

For the year, Chen Dongqi, a grownup scientist at the National Development and Reform Commission (NDRC), China's crowning scheme agency, said period inflation could separate around 4.5 percent, breaching the government's 4 proportionality target.

Chen's remarks were publicised in the China Securities Journal on Wednesday.

To prevent consumer prices from spiking likewise far, some analysts expect China to raise rates just erst more, by 25 basis points, this year.

High global commodity prices and steep bag prices helped drive China's inflation to a 32-month high of 5.4 proportionality in March.

(Reporting by Soo Ai Peng and Koh Gui Qing; Editing by Ken Wills)

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