CHINA: Even though Q1 GDP to grow 11%; first trade deficit in 6 years likely

Analysts estimate China's GDP growth, to be unveiled in few days, might quicken up to eleven or twelve percent in the first quarter of the year while inflation pressure is likely to keep building, Nanfang Daily reported.

The consumer price index (CPI) is expected to slide to 2.3 percent, down from its February high of 2.6 percent, the newspaper said.

The country's exports in March are likely to suffer a trade deficit of more than $8 billion, a first upside reverse in six years, according to State Information Center researcher Fan Jianping.

Though, the overall exports in the first three months this year would retain a favorable balance of about $14 billion surplus, Fan said.

For more: Q1 GDP to grow 11%; trade deficit likely in March