National Bureau of Statistics chief economist Yao Jingyuan 16 in Tsinghua University, China's inflation in 2011 is still large, but not hyperinflation.
Yao Jingyuan said the U.S. currency pushed large-scale distribution of international commodity prices, imported inflation pressure, this is a serious problem facing China.
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central bank, said Yao Jingyuan, greater inflationary pressures in 2011, but in terms of inflation, two a physical condition will not occur hyperinflation. First, for seven consecutive years of grain harvest and adequate stock to stabilize prices is very important to lay a foundation; the second is from the perspective of industrial market structure, on the whole is greater than the demand supply situation has not changed, but also the price not skyrocketing.
Yao also said the yuan appreciation will significantly impact the export sector, and lead to unemployment.
1 20 January, 2010, National Bureau of Statistics will publish full-year statistics. Market forecast, China's 2010 GDP may grow 10.1%, higher than 9.2% in 2009.
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