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Inflationary pressures remain in China

10-21-2010 13:58 BJT Special Report:China’s Economic Data for Sept. |

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Analysts say inflationary pressure will remain in the coming months. Though they say it should be carefully monitored, there's no major cause for concern.

A report from the Bank of Communications says CPI will rise moderately in the fourth quarter, due to higher food prices and rising labor costs.

Some experts are expecting food prices will rise a further five percent in 2011, as a result of rising grain prices.

The in-flow of hot money is also adding to inflationary pressure. But analysts say the overall situation is not that worrisome.

Jing Linbo, Deputy Director of Inst. of Finance & Trade Economics, CASS, said, "This round of inflation is different from what China experienced in the 1990s. And I believe it won't develop into a severe situation. A stable harvest, general overcapacity, together with government control measures, will help curb inflation fears."

The Chinese Academy of Social Sciences expects the CPI figure to ease at the end of the year, but pick up again in the third quarter of next year. It says the whole year CPI for 2011 will rise 3.2 percent, higher than this year's target of three percent. But an inflation rise under five percent is still acceptable.

Editor:Zhang Jingya |Source: CNTV

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