Published on 09.08.2011
HKTDC - Economic Forum
Is China’s consumer prices index (CPI) very high?
On the surface, the answer should be a big fat yes. The CPI, a major gauge of inflation, is estimated to grow at least 6.5 percent to reach a fresh three-year high in July. The official figure will be released on Tuesday.
The runaway CPI prompted fresh calls for the government to further tighten monetary policies by raising interest rates, increasing required reserve ratios and curbing the growth of bank loans.
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