Latest News:  
Beijing   Sunny    10 / -2   City Forecast

People's Daily Online>>China Business

Top statistician sees inflation pressure easing


08:42, March 06, 2012

BEIJING, March 5 (Xinhua) -- Ma Jiantang, China's top statistics official, on Monday said he expected inflationary pressure to ease a little as the economy slows this year.

Ma, however, warned of a resurgence in inflation if the problem is not taken seriously.

"We should by no means lower our guard [against inflation]," he told Xinhua on the sidelines of the annual parliamentary session, which opened Monday.

According to a government work report delivered by Premier Wen Jiabao at the annual parliamentary session, the Chinese government set the full-year inflation control target for 2012 at 4 percent, unchanged from the target in 2011.

The Consumer Price Index (CPI), a main gauge of inflation, well exceeded the government's goal and shot up by 5.4 percent last year.

"Potential factors such as rising labor costs that push up prices are still there," said Ma, director of the National Bureau of Statistics, which produces a string of economic data such as CPI and gross domestic product for the world's second-largest economy.

"If not properly controlled, the inflation potential will turn into real risks for our economy," Ma warned.


Leave your comment0 comments

  1. Name


Selections for you

  1. Beautiful service staff at the NPC and CPPCC sessions

  2. Grandson of Chairman Mao attends CPPCC meeting

  3. Land subsidence causes panic in Hefei

  4. A journey in North Tibet: Baingoin

Most Popular


  1. Chinese products bring benefits to U.S. consumers
  2. Is international 'hot money' flowing into China?
  3. China's economy to roar ahead amid global woes
  4. U.S. solution to Syria issue doomed to failure
  5. Trust key to stability on Korean Peninsula
  6. Public will increasingly swaying diplomatic policies
  7. Political dialogue is right solution to Syrian crisis
  8. West's pressure no sway on China's defense budget
  9. Manila returns to usual games of cat and mouse
  10. How should China cope with US return to Asia?

What's happening in China

'A model of devotion to duty'

  1. Lawmakers', political advisors' microblog highlights
  2. Bear bile 'needed for medicines'
  3. Smoking is rampant in Internet bars
  4. Income gap needs attention, deputy says
  5. Beijing issues "ID cards" to cultural relics

PD Online Data

  1. Spring Festival
  2. Chinese ethnic odyssey
  3. Yangge in Shaanxi
  4. Gaoqiao in Northern China
  5. The drum dance in Ansai