Officials at the People's Bank of China say, the country needs to be on alert to the dangers of asset bubbles, but that headline inflation is unlikely to be a risk for some time.
Fan Gang, a member of the bank's monetary policy committee made the remarks at a forum in Hong Kong on Wednesday. Fan said China's gross domestic product could expand between 8 and 9 percent in 2010. He said growth this year would be above the government's target of 8 percent.
Fan added that China was not at risk of a double dip recovery following its emergence from the global economic downturn, despite threats still remaining for the US.
Analysts say once stimulus measures injected into the US economy run out in the second half of 2010, it is uncertain what will sustain the momentum of the present rebound.
