Zhang Xiaoqiang, vice director of China's National Development and Reform Commission (NDRC), has estimated that China's gross domestic production (GDP) will indicate a rise of around 8.4 percent year on year in the first quarter of the current year.
He also estimated that the Chinese domestic consumer price index (CPI) will see year-on-year growth of 3.5 percent in the given period. This would indicate a gradual recovery of the Chinese economy at the start of 2012.