China's Nov. inflation to edge up to 2%: UBS report (2)

UBS also expects the yearly CPI growth for 2012 to stand at 2.7 percent, 0.1 percentage point lower than the bank had previously stated.

In the same report, the bank raised China's 2012 and 2013 annual gross domestic product (GDP) growth forecasts to 7.6 percent and 8 percent, respectively.

UBS attributed the optimistic economic figures, in part, to better-than-expected export growth and a widening trade surplus in the last few months.

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