CPI remains high at 8.3% in March - banker

    (Xinhua/Shanghai Daily)
    Updated: 2008-04-14 15:25


    A man shops at a supermarket in east China's Shanghai, in this January 21, 2008 photo. China's March consumer price index rose an estimated 8.3 percent, with first-quarter inflation of about 8.0 percent, the deputy governor of the People's Bank of China, Liu Shiyu, said in Shanghai over the weekend. [Xinhua]

    BEIJING -- China's March consumer price index rose an estimated 8.3 percent, with first-quarter inflation of about 8 percent, the deputy governor of the People's Bank of China, Liu Shiyu, said in Shanghai over the weekend.

    Liu, who disclosed the figures in a speech delivered at the fourth Network of East Asian Think-Tanks Conference on Financial Cooperation, noted that China's high inflation is a main challenge in this year's macro-economic agenda.

    He was quoting central bank preliminary internal research data but the bank stressed to reporters after the meeting that the figures are not the official statistics.

    The National Bureau of Statistics is due to release China's March inflation on Thursday. The CPI, the main gauge of inflation, raced to 8.7 percent in February, the highest in 11 years. The central government plans to keep inflation within 4.8 percent this year.

    Responding to questions over whether the central bank will raise interest rates to curb high inflation, Liu said research is continuing. He also said that the slight slowdown in March inflation was due to "seasonal reasons."

    The central bank has raised lenders' reserve requirements to a record high of 15.5 percent to rein in lending, limit loan growth and use the yuan as a second means of taming inflation.

    China's M2, the broadest measure of money supply, rose 16.3 percent in March - the lowest expansion in more than a year. The yuan has risen more than 4 percent this year.

    "Consumer inflation probably stayed high in March on costly food while non-food prices picked up pace," said Shen Minggao, a Citi economist. "We continue to believe that the estimated 8 percent CPI rate in the first quarter will mark the peak of inflation this year."'

    Citi forecasts a March inflation of 8.3 percent while Goldman Sachs sees 8.4 percent.



    Top China News  
    Today's Top News  
    Most Commented/Read Stories in 48 Hours
    日韩av无码免费播放| 久久有码中文字幕| 国产AV无码专区亚洲AV手机麻豆| 国产免费黄色无码视频| 国内精品无码一区二区三区 | 中文字幕精品久久| 伊人久久大香线蕉无码麻豆| 少妇伦子伦精品无码STYLES| av区无码字幕中文色| 久久亚洲国产成人精品无码区| 亚洲精品~无码抽插| 欧美一级一区二区中文字幕 | 日韩欧美一区二区不卡中文| 日韩免费a级毛片无码a∨| 无码精品人妻一区二区三区人妻斩| 最近2019中文字幕免费直播| 中文字幕人成高清视频| 丰满岳乱妇在线观看中字无码 | 无码囯产精品一区二区免费| 久久亚洲AV无码精品色午夜麻豆| 惠民福利中文字幕人妻无码乱精品| 中文字幕人成高清视频| 人妻无码久久精品| 久久久精品无码专区不卡| 日韩精品人妻系列无码专区免费 | 日韩精品无码专区免费播放| 亚洲AV无码一区东京热| 精品人妻系列无码一区二区三区| 最近中文字幕大全免费视频| 国产精品中文字幕在线观看| 中文字幕丰满乱子伦无码专区| 亚洲国产91精品无码专区| 亚洲欧美日韩中文播放| 最近高清中文字幕无吗免费看| 无码的免费不卡毛片视频| 亚洲无码日韩精品第一页| 涩涩色中文综合亚洲| 日本中文字幕在线2020| 最近高清中文在线国语字幕5| √天堂中文www官网| 狠狠精品干练久久久无码中文字幕|