Halted production at electronics and auto factories in Japan, triggered by powerful earthquake, will make the inflation situation more complicated in the short run in China.
Highlights of Premier Wen's Notes When Meeting Press After Top Legislature Concludes Annual Session on inflation, economic growth, etc.
The consumer price index (CPI), the main gauge of inflation, was unchanged from January to February, but rose 4.9 percent from the same period of last year.
China’s trade deficit in February could merely a blip and the country will likely return to surplus in the next few months, economists said.
China should aim for full yuan convertibility over the next 10 years and have the yuan account for about 3 percent to 4 percent of total international reserves.
The widely discussed “hungers for funds” in Chinese market are actually overblown, said former deputy governor of People’s Bank of China Su Ning.
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