At the 2005 Forum for China Securities Analysts, Chen projected a 9.1 to 9.2 percent growth in gross domestic product for the first half of the year.

"It's nothing unusual to expect an adjustment in China economy since the economic boom has lasted fore three years," he said.

Judging from the present conditions on resources supply, market demand and global economic environment, it would be difficult for China to maintain last year's torrid growth of 9.5 percent.

To tide over the mild slowdown, Chen suggested the central government to keep up its moderate monetary and fiscal policies on the whole but make timely adjustment according to specific situations.

"The recent credit policy, for instance", he said, "should be loosened a lit so as to raise the growth of credit supply from the present 12 percent to 15 percent."

He also said operation that may lead to a tightened money supply should be tabled. 

(Photo source: Agencies)