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Fund managers offer mixed forecasts for Asia rate rises

But the consensus is that the world's most populous country will maintain its rapid growth in 2011, whether it raises interest rates further or not.

Analysts and strategists at financial institutions largely agree that China's rapid GDP growth will continue this year despite likely continued monetary tightening by the government, following the 25-basis-point hike of its one-year lending and deposit rates on December 25.

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