久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

Policy shift unlikely despite ease in inflation in Sept

Updated: 2011-10-14 17:48

(Xinhua)

  Comments() Print Mail Large Medium  Small 分享按鈕 0

BEIJING -- Inflation in China continued to ease from a 37-month high for a second month in September, but remaining inflationary pressures limit the possibility of a shift in macro-economic policy.

The country's consumer price index (CPI), a main gauge of inflation, climbed 6.1 percent year-on-year in September from 6.2 percent in August, the National Bureau of Statistics (NBS) said Friday.

On a monthly basis, consumer prices rose 0.5 percent last month, the NBS said in a statement on its website.

In the first nine months of this year, China's CPI climbed 5.7 percent from the same period last year, up from 5.4 percent year-on-year in the first half, said the NBS.

Food prices, which account for nearly one-third of the basket of goods in the nation's CPI calculation, were up 13.4 percent in September from the previous year and 1.1 percent month-on-month, according to the NBS.

China's CPI hit a 37-month high of 6.5 percent in July, extending far beyond the Chinese government's full-year target of 4 percent for 2011.

Zhou Wangjun, deputy chief of the Price Department of China's price regulator the National Development and Reform Commission, said China's inflation has passed its peak, and consumer prices will stabilize and decline mildly in future.

Zhou sees the downward trend as a result of the government's amping up cooling measures and reducing carryover effects, he said in an exclusive interview with Xinhua.

Economists said that although the September CPI remained high, they expect domestic inflation to continue to ease in the coming months as a slowdown in the global economy weighs down demand, said economists.

"Price growth will continue to ease in October, but it will not be a significant decline," said Liu Yuanchun, deputy head of the School of Economics of the Renmin University of China.

Liu attributed the weakening inflation to the good autumn grain harvest, a significant drop in international commodity prices, a further slowdown in the global economy and a future strain in liquidity.

For the first time in 16 months, the Chinese government reduced retail prices for gasoline and diesel by 300 yuan ($47) per tonne starting Monday, a move expected to ease domestic inflation.

Zhang Liqun, a researcher with the Development Research Center of the State Council, or China's Cabinet, also believes that the good autumn harvest will bring more supplies to ease food prices.

Zhang estimates that, for the whole year, China's consumer price will grow by 5 percent from last year, one percentage point higher than the government's target.

"The government has underestimated this year's new price factors, especially the hike in domestic pork prices and international commodities," he said.

Unshaken tightening policy

Despite the downward trend, it is too soon to determine whether China's macro-economic policy will loosen as many believe that inflationary pressures are far from being completely eased.

In the interview with Xinhua, Zhou Wangjun warned of emerging price factors that could push up future price levels, including an imbalance in market supply and demand and higher labor costs.

Additionally, business owners, especially those of small- and medium-sized enterprises, are facing pressure from higher costs in funding and production, which will be reflected in a rise in prices for small commodities like shoes and toys, said Zhou.

"China is facing long-term pressure from imported inflation," he said, noting that the debt crisis, low interest rate and excessive liquidity issues in developed countries are bringing inflation risks to the whole world.

Liu Ligang, director of economic research department of ANZ Greater China, said China's battle against inflation has not yet seen remarkable results.

China's inflation rate is expected to experience significant growth early next year due to the currently high monthly CPI growth, he said.

Therefore, it is too early for the Chinese government to loosen its monetary policy, Liu added.

To curb soaring inflation, the People's Bank of China (PBOC), the country's central bank, has raised the benchmark interest rate three times this year and increased the reserve requirement ratio six times.

China's Producer Price Index (PPI), a major measure of inflation at the wholesale level, rose 6.5 percent year-on-year in September, down from 7.3 percent in August.

China's gross domestic product rose by 9.5 percent year-on-year in the second quarter of 2011, tapering off slightly from the 9.7-percent growth posted in the first quarter and 9.8 percent in the fourth quarter of last year.

Economic growth data for the third quarter is scheduled to be released by the NBS on Tuesday.

Qu Hongbin, HSBC's chief China economist, said he expects that China's economic growth is "still holding up well," and the central bank will maintain its monetary policy over the coming months.

Even if a renewed global recession were to hit China, it is wrong to expect a turnaround in monetary policy, considering elevated inflationary pressures and China's relatively lowered dependence on external demand, he said in a note to the press.

"Moreover, the lesson of overstimulation from the last round of stimulus is still fresh," said Qu.

China's recent decision to provide more credit and fiscal support to small enterprises shows that the government is targeting eases in policies toward striking a better balance between inflation and growth, said economists.

Liu Ligang said he expects the central bank to cut the reserve requirement ratio for medium- and small-sized banks to better support the development of small enterprises.

However, China's policymakers should not ignore the worsening issue of negative real interest rates, which would threaten the security of China's financial system, he said.

The PBOC will probably have another interest rate hike this year to ensure financial security, but it is very likely to be conducted on the deposit rate, Liu said.

久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

    国模无码视频一区二区三区| 97成人在线观看视频| 一本大道熟女人妻中文字幕在线| 欧美特级aaa| 成人一区二区av| 少妇人妻互换不带套| 日本一二三区视频在线| 日韩 欧美 高清| 一二三在线视频| 欧美三级理论片| 国产在线播放观看| 1314成人网| mm131国产精品| 免费在线a视频| 成人av在线不卡| 手机精品视频在线| 黄色手机在线视频| 成人久久久久久久久| 免费看欧美一级片| 操人视频免费看| 亚洲一区在线不卡| 国产免费毛卡片| 男人添女荫道口女人有什么感觉| 午夜免费福利网站| 一级片视频免费观看| 青青草原av在线播放| 97超碰国产精品| 中文字幕在线乱| av在线免费看片| 一道本视频在线观看| 免费在线观看的av网站| 免费看欧美一级片| 99er在线视频| 老司机午夜网站| 91社在线播放| www.51色.com| 亚洲性图一区二区| 污版视频在线观看| av无码精品一区二区三区| 国产亚洲综合视频| 自慰无码一区二区三区| 日韩在线一级片| 成人免费aaa| 国内精品在线观看视频| 亚洲熟妇无码一区二区三区导航| a级免费在线观看| 国产精品久久国产| 久久久久久人妻一区二区三区| 国产爆乳无码一区二区麻豆| www.xxx麻豆| 欧美深夜福利视频| 欧美色图色综合| 欧美 日韩 国产一区| 黄色一级一级片| 任你操这里只有精品| 成年人在线看片| 九九热精品在线播放| 一道本在线免费视频| 国产精品igao网网址不卡| www.久久com| 国产乱子伦精品视频| 男女猛烈激情xx00免费视频| 国产黄色一级网站| 99视频在线免费| 成人免费看片视频在线观看| 国产香蕉一区二区三区| 成人午夜视频在线观看免费| 日本欧美黄色片| 91av在线免费播放| 欧美一级视频在线| 三上悠亚免费在线观看| 国产亚洲黄色片| 日韩av片在线看| 成年网站在线播放| 黑人巨大国产9丨视频| 可以看毛片的网址| 日韩精品一区二区三区不卡 | 不卡影院一区二区| 欧美午夜aaaaaa免费视频| 久久成年人网站| 欧美黑人在线观看| 日批视频在线免费看| 亚洲va在线va天堂va偷拍| 日韩视频一二三| 久久网站免费视频| 国产探花在线看| 17c丨国产丨精品视频| 蜜臀久久99精品久久久酒店新书| 成人亚洲免费视频| 国产欧美精品aaaaaa片| 九九热免费精品视频| 97超碰人人爱| 免费午夜视频在线观看| 亚洲色图偷拍视频| 成人午夜免费在线| 三级av免费观看| 免费看欧美黑人毛片| 国产91色在线观看| av日韩在线看| 五月婷婷六月丁香激情| 免费高清一区二区三区| 依人在线免费视频| 国产97在线 | 亚洲| 成 人 黄 色 小说网站 s色| 国产精品www在线观看| 中文字幕 91| www.国产在线播放| 亚洲自拍第三页| 妞干网在线免费视频| 激情成人开心网| 亚洲国产成人va在线观看麻豆| 亚洲国产精品无码av| www.com久久久| 无码人妻丰满熟妇区96| 国产香蕉一区二区三区| 一级黄色特级片| 777精品久无码人妻蜜桃| 91精品国产三级| 成人黄色一区二区| 午夜免费福利小电影| 亚洲免费av网| 五月天激情视频在线观看| 毛片在线视频播放| 日韩精品手机在线观看| 久久婷五月综合| 男人草女人视频| 国内自拍视频网| 极品美女扒开粉嫩小泬| 免费国产成人看片在线| 国产视频1区2区3区| 激情内射人妻1区2区3区 | 国产一区二区视频免费在线观看 | 国产精品欧美激情在线观看| 97在线免费视频观看| 秋霞在线一区二区| 老司机久久精品| 手机在线看福利| 无码精品国产一区二区三区免费| 国产夫妻自拍一区| 无码毛片aaa在线| 激情成人在线观看| 九九九九九国产| 日本在线一二三区| 色综合手机在线| 国产无套粉嫩白浆内谢的出处| 黄色免费视频大全| 国产成人无码精品久久久性色| www.射射射| 妞干网在线视频观看| 日韩亚洲欧美视频| 免费人成自慰网站| 欧美午夜小视频| 成人精品视频在线播放| 久无码久无码av无码| av女优在线播放| 久久久久久久久网| 亚洲乱码日产精品bd在线观看| 丰满人妻一区二区三区53号| avove在线观看| 久久视频免费在线| 国产又粗又长又爽视频| 九一免费在线观看| 被灌满精子的波多野结衣| 国内精品在线观看视频| 欧美日本视频在线观看| 人妻有码中文字幕| 三级a在线观看| www.国产视频.com| 亚洲精品在线网址| 黑人巨大国产9丨视频| 中文精品无码中文字幕无码专区| 国产免费一区二区视频| 两根大肉大捧一进一出好爽视频| 国产91在线视频观看| 中文字幕一区二区三区四区在线视频| 性欧美极品xxxx欧美一区二区| 国产精品一区二区羞羞答答| 日韩av.com| 热久久最新网址| 九九九九免费视频| 久草福利视频在线| 中文字幕第66页| av在线播放天堂| 成年人免费在线播放| 国产一伦一伦一伦| 女女百合国产免费网站| 国产在线无码精品| 99精品人妻少妇一区二区| 15—17女人毛片| 少妇久久久久久被弄到高潮| 男人天堂1024| 中国黄色片一级| 国产精品三级一区二区| 国产熟女高潮视频| 天堂网成人在线| 免费拍拍拍网站| 日本黄大片一区二区三区| 激情视频小说图片| 免费观看成人网| 免费观看黄色大片|