China '07 GDP to top 11 pct, inflation a risk-PBOC

BEIJING, Nov 8 (Reuters) China's growth will top 11 percent for 2007 and consumer price inflation will average about 4.5 percent on the year, the central bank said in its third-quarter monetary policy report.

China's trade surpluses will remain large but their growth rate will slow, the People's Bank of China said. It also said that while it would make the yuan more flexibile, it would keep the currency ''basically stable''.

The central bank said containing inflation remained a priority, with rising food costs and inflationary expectations adding to price pressures.

REUTERS BJR GC1549