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Tele interview: Should China look out for deflationary risks?

07-09-2012 13:56 BJT

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Fresh data released by the country’s official statistics agency shows China’s consumer price index, rose just 2.2 percent in June easing from the 3 percent rate seen in May. Full story >>

Let’s cross to Mr. Xu Sitao, he is the Chief Representative of China at the Economist Group for more analysis into these figures.

Q1: Mr. Xu, yes CPI and PPI figures all fell in June, it is good news that it will likely meet the targets set by the Chinese government for the whole year but it does raises concerns that China’s economy has yet to bottom out at the end of Q2 as many economists and investors have hoped for. What’s your interpretation of these numbers?

Q2: So with inflation coming in weaker than expected for June and we just heard from our reporter Guan Xin that analysts are expecting July’s CPI figures to fall below the 2-percent level - should China still be concerned about controlling prices or does the government need to do a bit more to look out for deflationary risks?

 

Editor:Zhang Dan |Source: CNTV.CN

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