Tags: People’s Daily China Inflation May Top 6 Percent in Some Months

People’s Daily: China Inflation May Top 6 Percent in Some Months

Wednesday, 22 Dec 2010 08:59 AM

China’s inflation may exceed 5 percent to 6 percent in some months of next year, the People’s Daily recently reported, citing Ba Shusong, a researcher at the State Council’s Development Research Center.

Inflation may be between 4 percent and 5 percent for the whole of 2011, Ba was cited as saying.

Policy makers should allow more flexibility of the yuan to help ease imported inflation, Ba was cited as saying. Reserve requirements for lenders and central bank bill sales may be better tools for controlling inflation than interest rates because higher rates may attract capital inflows and pressure repayment of local borrowings, Ba was cited as saying.

New bank loans may total 7.5 trillion yuan to 8 trillion yuan this year and at least 7 trillion yuan in 2011 to ensure investment plans, the newspaper cited Ba as saying.

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China s inflation may exceed 5 percent to 6 percent in some months of next year, the People s Daily recently reported, citing Ba Shusong, a researcher at the State Council s Development Research Center.Inflation may be between 4 percent and 5 percent for the whole of 2011,...
People’s Daily China Inflation May Top 6 Percent in Some Months
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