- CNTV English - CCTV News

Homepage > News > Biz >

NDRC: Full-year inflation to exceed target

09-14-2011 14:13 BJT

DALIAN -- China's full-year inflation might exceed the country's 2011 full-year target of 4 percent, judging from the current trend, said Zhang Xiaoqiang, deputy chief of the National Development and Reform Commission.

However, China will continue to put the inflation management as its top priority, Zhang said at a press conference on the sidelines of the Summer Davos in Dalian.

China's consumer price index (CPI), a main gauge of inflation, eased to 6.2 percent year on year in August, from 6.5 percent in July, according to the National Bureau of Statistics (NBS).

The 4 percent target was the country's previous prediction for the full-year and current trends show that this mark could be exceeded, he said.

Zhang said China's grain output is expected to grow for an eighth consecutive year in 2011 and reach a recorded 560 million tons, which will ease the country's inflationary pressure. Food price is regarded as a key contributor to the elevated CPI.

Other favorable conditions including China's proactive fiscal policy and prudent monetary policy will ease the pressure of excess liquidity, but challenges still exist.China’s efforts to upgrade its economic structure mean that the country is facing imported inflation and rising costs of labor, land and environment.

Editor:Yang Jie |Source: China Daily

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program