09:49CET
An economist at a Chinese government think tank said he expects the country to face strong inflationary pressure in the next two years and the government to introduce further tightening measures in the property market, the Shanghai Securities News reported Friday. Fan Jianping, a senior economist at the State Information Center, said he expects the government to raise interest rates further and introduce a residential real-estate tax next year, according to the report. Fan also said yuan appreciation will continue to exert pressure on exporters. He recommended they price in a 5% appreciation in the local currency for orders to be settled in six months to ensure profitability. http://www.cnstock.comPosted via email from MT4
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