However, Wang Xiaoguang, an economist with the NDRC who wrote the report, said, "The prediction was made before the government revised the final GDP growth figure to 10.7 percent. Therefore, we can only say the economy growth in 2007 will be around 10 percent, not specifically below," he said.

The report also warned against a sharp or one-off appreciation of the Renminbi, saying that such a measure would harm domestic industries and affect financial stability.

Fixed assets investment, one of the economic growth engines, will grow by 22 percent to 13.5 trillion yuan (1.69 trillion U.S. dollars) in 2007, the report predicted.

The volume of retail sales will hit 9.15 trillion yuan in 2007, up around 13 percent. The consumer price index (CPI), a major inflation indicator, will increase by 1.5 to 2 percent this year.

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