Goldman Sachs said it expects slowing export growth to reduce China’s first-quarter economic growth to 10% from the previous quater’s 11.2%, XFN reported. The investment bank also said that it expected inflation to remain high in March, at 8.4%, but would ease slightly from February’s 8.7% as the impact from that month’s snow storms wears off. "With monetary growth remaining at a high level, we see persistent inflationary pressures which will keep CPI inflation at elevated levels in the near-term," Goldman Sachs said. The bank also expects producer price inflation to accelerate as commodity prices continue to rise. China’s government will release first quarter GDP data over the next several weeks.