Latest News:  
Beijing   Sunny    15 / 3   City Forecast

Home>>China Business

China's CPI to cool to under 5 pct in next two months: NDRC official (2)


15:45, October 24, 2011

The global economic recovery has suffered a huge setback and is filled with uncertainties. The faltering U.S. economy, and the sovereign debt crisis and inflation in some countries have made the policy setting in the world's major economies more difficult, he said.

The excessive liquidity globally has apparently not eased the imported inflation pressure, while domestically, economic restructuring faces more pressure, as irrational investment and excessive production capacity keep rising, according to Peng.

So far, it has been the government that has played a major role in transforming the economic development pattern, which leaves the market forces more room in the future, he said.

China's GDP expanded 9.1 percent year-on-year in the third quarter of the year, marking the slowest pace since the third quarter of 2009.

Government officials have said it is a desired outcome of China's macro-economic regulations as the government continues its efforts in reining in inflation and pushing economic restructuring.

【1】 【2】


Related Reading

Leave your comment0 comments

  1. Name


Selections for you

  1. Conference of Islamic World Academy of Sciences held in Doha

  2. Argentine president Cristina Fernandez wins re-election

  3. Phelps dominates in Berlin

  4. Shoddy railway project closed down

Most Popular


  1. Online business order remains in infancy
  2. Why Chinese students enjoy playing truant?
  3. China's GDP: Quality vs. quantity?
  4. What does Clinton's 'Pacific Century' mean?
  5. Chinese should see warning in Western demos
  6. EU, US crises taking toll on China's GDP
  7. Time right to develop S China Sea resources
  8. Hidden motives lie behind US mission to Uganda
  9. Japan PM: Japan's security environment 'murky'
  10. US, not China manipulates exchange rate

What's happening in China

Migrant dropouts rise

  1. Food executives charged with graft at State group
  2. China to check school canteens for food safety
  3. Tourists hung up over mid-air dangle
  4. 'Weibo' suicide stopped
  5. Hainan sees daily duty-free sales soar

PD Online Data

  1. Customs of Mid-Autumn Festival in Xiamen
  2. Custom of Mid-Autumn Festival in Shanghai
  3. Custom of Mid-Autumn Festival in Hong Kong
  4. Customs of Mid-Autumn Festival in Guangzhou
  5. Customs of Middle-Autumn Festival in Old Beijing