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Studio discussion: When will inflationary pressure start to ease?

11-11-2010 13:50 BJT Special Report:China’s Economic Data for Oct. |

Background: Figures announced Thursday morning show China is facing higher inflationary pressures. According to the National Bureau of Statistics, China's Consumer Price Index, a figure that gauges inflation, has risen 4.4 percent in October. Full story >>

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Well for more insight into the just-released figures, with us from Peking University is Professor Michael Pettis on the phone.

Q1. The October CPI figure.....keenly watched. The market is rallying in response......The 4.4 percent is much higher than previously expected, what do you make of this?

Q2. Earlier this week, China said for the first time the whole year target of 3 percent for CPI will be hard to achieve. So in your view, when will inflationary pressure start to ease?

Q3. China raised the required reserve ratio for banks by 50 basis points yesterday. Do you expect more tightening measures before the end of the year?

Editor:Xiong Qu |Source: CNTV.CN

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