Ba Shu Song: Inflation Pressure In China Is Likely To Become Medium-Term Or Long-Term.

In July 19th, the deputy director of the Financial Research Institute of the State Council Development Research Center, Ba Shu song, said at the China real estate Innovation Conference and the dragon dragon online activity that China's inflation pressure may go to the medium term or long term, which makes the tight monetary policy will continue.

Against this background, housing prices in China will continue to adjust moderately, and the real estate industry will usher in enterprise integration and structural adjustment.

Ba Shu song explained that there is a view that CPI has dropped in the past two months. China's inflation belongs to external import inflation, which is mainly caused by a large number of raw material prices triggered by the depreciation of the dollar. So the current inflation pressure will slow down with the changes in the international economic situation, and the current tight monetary policy should also be relaxed.

However, from the perspective of China's economy, the problem of inflation is not only caused by external input, but also because of the endogenous nature of China's economy. For example, oil prices and grain prices all have rising momentum, and a large number of labor costs are also rising, which determines that inflation pressure in China can go to medium term or long-term.