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Article: CHINA MAY NOT SUFFER FROM INFLATION IN 2010: EXPERT.
- Article from:
- AsiaPulse News
- Article date:
- November 9, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BEIJING, Nov 9 Asia Pulse - China may not suffer from inflation in 2010 and the price level is controllable, said Li Yang, vice president of the Chinese Academy of Social Sciences.
Li expressed that sluggish consumption demand and overcapacity in certain industries have pulled the price level down, while other factors would push the opposite direction, including staple goods price fluctuations, an unbalanced economic structure, and the ample money supply.
According to the Bank of Communications' research, China's Consumer Price Index (CPI) in October will drop 0.7 per cent, as the prices of agricultural products on the survey of the Ministry of ...