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    NDRC: Operation Will Stabilize In The Second Half Of The Year.

    2010/7/19 14:50:00 43

    Price StabilizationInflation PressureDevelopment And Reform Commission

    "In the second half of this year, there will be more factors conducive to price stability. CPI will run at around 3%, and it will come down after October."

    The national development and Reform Commission released the first half price situation analysis and the trend forecast for the second half of the year 16, saying that China's macro-economy will remain stable in the second half of the year, and the total supply and demand of society will gradually become more balanced.


    Four factors conducive to

    Price stability


    In analyzing the trend of prices, the NDRC believes that there is a basis for achieving a year-round increase in the total consumer price level of around 3%, because there are more factors conducive to price stability in the second half of the year.


    First, the supply of important commodities is adequate.

    The state reserves more grain and the reserves of soybeans and edible oils increase further. The supply of grain and oil markets is guaranteed.

    Pig production was gradually adjusted on the basis of too much earlier stage. At the end of May, there were 434 million pigs and 47 million sows in the pig farms, which were significantly improved than those at the end of last year, but still higher than normal.

    Despite the possibility of a seasonal rise in hog prices in the second half of the year, the sharp rise is unlikely.


    Two, market competition and price order stability.

    At present, the pattern of total supply and demand has not changed much. With the government adopting a series of measures to strengthen price regulation, inflation expectations have obviously weakened, and market competition and price order are still in stable operation.

    Although the cost of increasing the cost of the enterprises is greater, they are restricted by the competition pattern, and do not have the conditions for the price to rise universally or substantially in the short term.


    Three is the input type.

    Inflationary pressure

    Obviously weakened.

    In response to the financial crisis, China's investment and consumption growth is relatively rapid, and the contribution rate of foreign trade to economic growth has dropped significantly.

    In the near future, China will further push forward the reform of the RMB exchange rate formation mechanism, enhance the elasticity of RMB exchange rate, and cancel the export tax rebates of 406 tax number commodities in full, which will push China's import and export pattern more balanced and import inflation pressure will be reduced.

    In addition, the price of agricultural products in the international market is much lower than that in China, and it also helps to curb the sharp rise in domestic prices.


    Four is the ability of price regulation and control.

    In recent years, China has accumulated two experiences of "double defense" in 2007 and coping with the international financial crisis in 2008.

    In recent years, comprehensive measures such as public opinion guidance, supervision and inspection, reserve and huff and puff have been used to stabilize the price movements of some commodities.


    CPI will fall after October


    The people concerned about the development and Reform Commission said that the consumer price index will run at around 3% in the second half of the year, and it will come down after October.


    In terms of industry,

    Development and Reform Commission

    Food prices are expected to show seasonal and seasonal fluctuations.

    That is, 7 and August food prices continued to decline, the Mid Autumn Festival, the national day before and after the seasonal rise, and then fell slightly, at the end of the year rose again.

    The price of living class may increase in a certain extent, mainly because of the contradiction between local rationalizing natural gas and other prices, and the adjustment of minimum wage and social security standards will increase the price of family services.

    The prices of industrial consumer goods will continue to decline, mainly due to the loose supply and demand pattern of the whole society, and it is very difficult for upstream prices to rise downstream.

    Because of the high price of food, the change of consumer price index is mainly influenced by food.


    In summing up the development trend of the national economy in the first half of this year, the NDRC indicated that the price of domestic means of production fluctuated in the first quarter after increasing demand and other factors.


    Since April, a series of policy overlay effects have been imposed on the state to strengthen the regulation and control of the real estate market, cancel the export tax rebates for some products, and intensify the work of energy conservation and emission reduction.

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