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Analyst says China CPI to fall below 6% after Aug.

08-10-2011 08:18 BJT Special Report:China’s Economic Data for July |

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Some experts now say they expect inflation in China to clock in above 6 percent in August, and then fall below that point. With the high inflation and a slowdown in the economic recoveries in the US and Europe, they expect tightening monetary policy will be put on hold. Some say it could even loosen.

Li Wei, an economist from Standard Chartered said, "The economic recovery of the US and European countries is slower than expected. In the third quarter, we will see sluggish business activities, as many will take a 'wait and see' attitude. Therefore, more likely than further tightening policies, we will see some loosening measures such as more loan quotas from the central bank."

JINHUAG, CHINA - AUGUST 09: (CHINA OUT) People purchase meat from a market on August 09, 2011 in Jinhua, Zhejiang Province of China. China's Consumer Price Index (CPI), a main gauge of inflation, rises 6.5 percent in July on surging food costs. (Photo by ChinaFotoPress/Getty Images)

 

Editor:Li Wanran |Source: CNTV.CN

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