北京中科纵横信息技术研究院
首頁 | 研究分析 | 專題視野 | 中科視點 | 中國視點 | 區域視點 國際視點 | 英文視點| 國際法規 | 國內法規 | 數據中心 | 熱點下載 |  簡體切換
搜索:通過此功能可以快速搜索本站內容.
關鍵字
您當前位置: 首頁 >> 英語視點 >> China News
China should be cautious of inflation
時間:2011-1-18

China should be cautious of inflation

BEIJING - China should be cautious of inflation and prevent the effects of excess liquidity, Fan Gang, a former advisor to the country's central bank, said Saturday.

The loose credit policy of the United States is pumping money into the market and increasing expectations for the depreciation of the US dollar and the appreciation of other currencies, including the Chinese yuan, Fan told the annual meeting of China's economy (2010-2011) in Beijing.


The policy is reasonable for its own economy but will cause serious problems for the world, he said.

It pushes up commodity prices and spurs hot money flows that cause inflation in emerging economies, he said.

The People's Bank of China (PBOC), China's central bank, announced Friday it will raise banks' reserve requirement ratio by 50 basis points, to mop up excess liquidity amid mounting inflationary pressures.

The PBOC last year raised banks' reserve ratio six times and interest rates twice, to rein in inflation.

China's consumer price index (CPI), the main gauge of inflation, hit 5.1 percent in the year to November 2010, its highest in 28 months.

Fan also came out in favor of a gradual appreciation of the yuan. He said a stronger yuan helps ease inflation pressures and facilitates economic restructuring.

The annual forum is sponsored by the China Center for International Economic Exchanges (CCIEE), a non-governmental think tank chaired by former vice premier Zeng Peiyan.

打印】【關閉
上一篇:
Quality of living outweighs GDP growth: Experts
下一篇:
Think tank issues 1st magazine 'Globalization'
網站推薦:
 國家信息中心 國務院發展 研究中心 中國社會科學院 中國發改委 中國科學院 中國海關 國家統計局 中國財政部 中國檢察院
關于我們 | 聯繫我們 | 訂購流程 | 付款方式 | 免責聲明 | 友情鏈接| 誠聘英才
Copyright: Chinese Science Information Research Institute All Rights Reserved
TEL:0086-10-84675230    FAX:0086-10-84673367     E-mail:service@zkreport.org
Qingnian Chuangye Building,Baisha Rd. 200#,Changping District,Beijing,China
北京中科縱橫信息技術研究院

京ICP备09112509号-1

京公网安备 11010502032534号