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CPI growth rate would be 3%-3.5%
www.chinanews.cn 2005-03-31 13:47:31
Chinanews, Mar. 31 - According to a report recently completed by a
research group of the Research Bureau of the People's Bank of China, in
the first half of this year, China's CPI (Consumer Price Index) growth
rate should reach 3.15% and stay at 3% to 3.5% for the whole year.
The report pointed out that major factors affecting price levels in the
future would be price adjustment of public service products, rapid
increases in residential income and consumption and a lagging PPI
(Producer Price Index). There are other factors. A investment rebound
would result in pressure on prices. A decline in the growth rate of the
currency supply and implementation of prudent currency policies would
have favorable effects on stabilizing prices. A rebound in the
international price level would bring about import inflation pressures.
And, inflation is expected to exist.
��China's CPI rose 3.9 0n Feb (2005-03-14)
��China's CPI to increase less than government forecast
(2005-03-09)
��China's CPI to rise 3.28 0n 2005 (2005-01-17)
��CPI expected to rise 4 0n 2004 (2004-12-10)
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