GDP growth, CPI to ease slightly in 3Q: experts

China's GDP will grow 10% and the CPI will rise 6.1% during the third quarter of this year, down 0.1 percentage points and 1.7 percentage points, respectively, from the second quarter, according to a consensus estimate by 17 Chinese and foreign institutes, state media reported. "The government's tight monetary policy is beginning to work to bring down inflation with the quickened pace of renminbi appreciation and a slowdown in money supply and GDP growth," forecaster and professor at Peking University, Lu Feng, said. China's central bank signaled that monetary policy will focus more on maintaining economic growth than on curbing inflation as the global slowdown hurts domestic business. The central bank's second-quarter monetary policy report omitted reference to the tight policy stance it adopted in December, saying instead it will work to "create a good monetary environment for steady and rapid economic growth."