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Interview: Will economic contraction come if PMI drops below benchmark point of 50?

08-01-2011 14:07 BJT

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For more, we're joined by Professor Xiang Songzuo from China's Renmin University.

Q1: Manufacturing PMI is getting closer to that benchmark point of 50, that separates growth from contraction. Do you think it will it continue to shrink? Will it fall below 50?

Q2: The sub-index for input prices also decreased, which analysts say indicates inflationary pressure is easing. So do you expect July's CPI to drop?

Q3: What about monetary policy? If economic growth continues to moderate and inflationary pressure to ease, will it remain tight?

Editor:Li Wanran |Source: CNTV.CN

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