Beijing, August 16 : China’s inflation rate is likely to rise from its existing 5.7 percent to 6.2 percent in the third quarter, a state think tank has predicted.

China should continue to take measures to cool the economy, the State Information Center said in an overview of the economy published in the China Securities Journal.

“China must tolerate a moderate cooling in the economy,” the think tank under China''s National Development and Reform Commission, said in its report.

The report has also predicted that China’s economy maintain a growth rate of 9.2 percent in the third quarter, The China Daily reports.

“Although observed inflationary pressure remains quite strong, there is no trend towards accelerating rises, and it remains within controllable bounds,” report said.

The State Information Center has also predicted that China''s trade surplus with the rest of the world would grow by 6.7 percent in the third quarter, reaching 69.6 billion dollars.

Chinese import growth in the third quarter is likely to slow to 20 percent, compared as compared to 27.6 percent growth in the first half of the year. Export growth would slow to 18 percent, compared to 24 percent in the first half. (ANI)