日韩午夜精品视频,欧美私密网站,国产一区二区三区四区,国产主播一区二区三区四区

 

Economist: Interest rates to stay put despite inflation

0 CommentsPrint E-mail Global Times, August 23, 2010
Adjust font size:

China is unlikely to raise interest rates this year even if the consumer price index (CPI) might peak this month, an economist told the Global Times Sunday.

"The CPI may possibly surpass 3.3 percent in August, but that's still mild inflation for China," said Lian Ping, chief economist at the Bank of Communications. "The central government is unlikely to increase interest rates by the year end as it will be a temporary inflation."

The price hike in vegetables and grain, pushed up by widespread flooding and speculation, will be the main cause of the increase of CPI, a key measurement of inflation, Lian said.

China's July CPI rose 3.3 percent from a year earlier, the fastest rate since October 2008. The CPI for the first seven months of the year stood at 2.7 percent, below the whole-year target of 3 percent, according to the National Bureau of Statistics (NBS).

"The Chinese government will take measures to beef up the food supply and curb speculation," Lian said. "But it will hardly increase interest rates for the country's economy is slowing down."

In the second quarter, China's economy slowed, as the country started to withdraw from the 4 trillion yuan ($589.02 billion) spending package launched to ward off the economic crisis. The country's economy grew 10.3 percent year-on-year in the second quarter, down from a 11.9 percent surge in the first quarter, the NBS data showed.

The Chinese government started to clamp down on property speculation at the end of last year.

But Morgan Stanley is optimistic, saying GDP will grow by 9.5 percent this year.

Print E-mail Bookmark and Share

Go to Forum >>0 Comments

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 万源市| 兴山县| 东莞市| 京山县| 龙陵县| 衡山县| 大连市| 抚松县| 景东| 南溪县| 阿尔山市| 阳朔县| 溧阳市| 工布江达县| 陵川县| 金湖县| 克什克腾旗| 深州市| 靖西县| 翁源县| 股票| 资中县| 化德县| 广安市| 武川县| 茌平县| 平安县| 新竹市| 台安县| 朝阳市| 章丘市| 梅州市| 县级市| 民丰县| 宿松县| 花莲县| 乐陵市| 仁布县| 应城市| 静安区| 宝鸡市|