Inflation Will Start To Stabilize In The Three Quarter.

2011/6/28 13:33:00 39

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Yao Jingyuan, the former chief economist of the National Bureau of statistics, said in Shanghai 25 days that the CPI will be higher in June than in May. The inflation will begin to stabilize in the three quarter and will drop significantly in the four quarter.

Yao Jingyuan made this statement here at the "2011 fortune China Forum".

He believes that the current price increase has both international and domestic factors.

We should not only see the import inflationary pressure brought about by the quantitative easing policy of the United States, but also pay attention to the internal problems such as excessive currency and weak agricultural foundation.

Yao Jingyuan said that the current

China's economy

There is still a steady feature, neither overheating nor significant downward trend. The most prominent problem is inflation.

At the beginning of the year, the government work report put forward the whole year.

CPI

At 4%, Yao Jingyuan said "difficult but can be achieved".

He explained that because the import inflation pressure is still relatively large, the prices of producer goods continue to rise, and China's agricultural foundation is weak, so it is difficult to stabilize prices. But on the other hand, China's grain reserves are abundant, and the overall supply of industrial consumables is large.

demand

They will become the basis for stabilizing the general level of prices.

With regard to the question of whether the macro-control policy will be loosened after tightening interest rates continuously and raising the deposit reserve ratio, he pointed out that "macro control can not be loosened, and maintaining price stability is still the primary task of regulation and control, but we must grasp the pace and intensity of regulation."