Ministry Of Finance: The Current Round Of Rising Prices Is More Difficult To Control.

Li Yong, Vice Minister of finance, wrote 12 days from the current round.

Since January 2010, China's consumer price index (CPI) has risen steadily, especially since the three quarter, which has been 3% higher for 5 consecutive months. It rose 5.1% in November, or a 28 month high.

On Friday, the Bureau of statistics will release the macroeconomic indicators for the first quarter of March.

In an article published in "China finance", Li Yong said that from abroad, the developed countries implemented the policy of "quantitative easing", and the spread of global liquidity brought greater import inflationary pressure to our country.

From the perspective of domestic factors, in recent years, with the double expansion of foreign exchange and bank credit, China's stock of liquidity has always been very abundant. With the domestic economy getting warmer, inflation has quickly entered the field of vision.

From the perspective of supply and demand factors, China is in the structural pformation period, and the pformation policies such as energy conservation, emission reduction, resource price reform and raising wage standards bring the pressure of cost price increase.

With regard to the possibility that inflation governance may be more difficult and the situation may be more severe, he said that in the coming period, China may face continuing and greater inflationary pressures.