China's economy to rise at slower pace in 2012
Lu Zhongyuan, deputy director of the Development Research Centre (DRC) of the State Council, or China's cabinet, said that he expected China's investment to grow by 20 percent next year, Xinhua reported.
Lu said he expected exports to slow along with investment.
Investment, consumption and exports are regarded as three major factors in stimulating economic growth.
Next year's total consumption may outpace that of 2011 due to increased livelihoods and an improved domestic employment situation, said Lu, adding that the slower economic growth is "reasonable and acceptable," considering the improving quality and sustainability of China's economic development.
In 2012, the country's year-round consumer price index (CPI), a main index of inflation, is expected to reach 4.5 percent.