Home
News
In Focus
Business
Metro
Nation
World
Sports
Feature
Opinion
View more »Opinion Columns
Wan LixinOpinion deputy editor of Shanghai Daily
Restaurants get off to a quick start thanks to game-changing policies
High service charges on event ticket refunds call for further regulation
Sunday
- Subscribe
Related News
Economist allays fears of inflation
By Wang Yanlin |
June 17, 2009, Wednesday
|
Online Edition
Online Edition
CHINA'S rapidly expanding loans won't lead to inflation, at least within this year, according to the chief economist at the National Bureau of Statistics.
"Two elements will contain risk of inflation this year. One is the excessive production capacity which keeps consumer prices running at low levels. The other is the still tough situation in employment," Yao Jingyuan said, the China Securities News reported today.
He said China's is not likely to see inflation this year and the major concern at the moment is still deflation. He did not provide details on unemployment.
China's Consumer Price Index, the main gauge of inflation, fell 1.4 percent from a year in May, the fourth consecutive monthly decline.
The Producer Price Index, the factory-gate inflation yardstick, dropped 7.2 percent last month on an annual basis, a record low following drops of 6.6 in April and 6 percent in March.
Despite the negative CPI and PPI, some institutions and analysts have warned about deflation.
Fan Jianping, chief economist at the State Information Center, a research unit under the National Development and Reform Commission, said earlier this month that the risk of inflation increased "significantly" in recent months because of the jumping prices of commodities in the global market and the rapidly expanding loans at home.
"Two elements will contain risk of inflation this year. One is the excessive production capacity which keeps consumer prices running at low levels. The other is the still tough situation in employment," Yao Jingyuan said, the China Securities News reported today.
He said China's is not likely to see inflation this year and the major concern at the moment is still deflation. He did not provide details on unemployment.
China's Consumer Price Index, the main gauge of inflation, fell 1.4 percent from a year in May, the fourth consecutive monthly decline.
The Producer Price Index, the factory-gate inflation yardstick, dropped 7.2 percent last month on an annual basis, a record low following drops of 6.6 in April and 6 percent in March.
Despite the negative CPI and PPI, some institutions and analysts have warned about deflation.
Fan Jianping, chief economist at the State Information Center, a research unit under the National Development and Reform Commission, said earlier this month that the risk of inflation increased "significantly" in recent months because of the jumping prices of commodities in the global market and the rapidly expanding loans at home.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
