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Citigroup warns on China growth

Updated: 2013-01-29 07:25
By Wang Xiaotian ( China Daily)

Analysts at Citigroup Inc have warned that economic growth this year might be lower than estimates, as inflation pressures restrict government efforts on further loosening in the second half.

The US banking giant predicted on Monday that China's GDP growth in 2013 will be 7.8 percent.

It expects the central bank to raise interest rates in the fourth quarter and the first quarter of next year, by 25 basis points each time, which would further drag growth to 7.3 percent in 2014.

Citigroup warns on China growth