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

 

Think tank alerts govt on inflation

0 CommentsPrint E-mail Xinhua, April 21, 2011
Adjust font size:

Experts from the Chinese Academy of Social Sciences (CASS), a major think tank in China, have suggested that the government make taming inflation the top priority for current macro regulations.

The experts said in a blue book on China's economic prospects released on Wednesday that the country's commodity prices have continued to rise since May of last year, mainly driven by excessive liquidity, fast economic growth and a feeble agricultural foundation.

In addition, the report also attributed the rising costs of salary, energy, raw materials and land, as well as an international commodity price surge, to the rising consumer price index (CPI).

As long as China maintains an economic growth rate of between 8 to 10 percent, it is possible for the country to rein in the CPI to within 4 percent, it said.

The report also predicted a GDP growth rate of around 9.6 percent for China in 2011, down 0.7 percentage points from the previous year.

The drop might partially be a result of the impact of government policies to tame inflation, it said.

The report, however, noted that despite many uncertainties in this year's economic development, the country's economy would continue to maintain a good momentum for development.

China's central bank announced on Sunday that it would raise the required reserve ratio of the country's lenders by 50 basis points for the fourth time this year.

The tightening measure had been widely expected after the government said that the CPI, a main gauge of inflation, had reached a 32-month high of 5.4 percent in March.

Alongside reserve hikes, China has also raised benchmark interest rates four times since last October to battle persistent inflation.

 

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: 开封县| 古浪县| 桐城市| 桦川县| 高雄市| 简阳市| 炎陵县| 博罗县| 福建省| 吴忠市| 东乌珠穆沁旗| 柯坪县| 唐海县| 邵阳市| 峨眉山市| 和田市| 龙山县| 梁山县| 文水县| 曲水县| 郯城县| 工布江达县| 深圳市| 海林市| 黔西县| 吴忠市| 辽中县| 通州市| 淄博市| 工布江达县| 同仁县| 乡城县| 大庆市| 博爱县| 甘南县| 固阳县| 惠州市| 青铜峡市| 景泰县| 磐安县| 阿拉善右旗|