Mainland China's Economic Review 2007 by Hang Seng Bank

*Mainland China's economy remained strong in the first 11 months of 2007, being supported by solid domestic and overseas demand.

*Although export growth has eased as a result of the reduction and removal of export tax rebates in 2007 and the recent slowdown in global economic growth, strong retail sales in the domestic market continued to support a relatively strong industrial output.

*Consumer price inflation, however, surged to an 11-year high of 6.9% in November as food prices continued to soar.

*To prevent the economy from overheating, the government raised banks' required reserve ratio ten times in 2007 to the record level of 14.5%, and hiked banks' lending rates six times during the year. Monetary control will tighten further in 2008.

Full Report of Mainland China's Economic Review of 2007 (tdctrade.com)