| Central bank: CPI to grow 3.2% in 2007 |
| Saturday,June 30,2007 Posted: 05:36 BJT(2136 GMT) China Daily |
BEIJING, June 29 -- China's gross domestic product (GDP) will grow 10.8 percent and the consumer price index (CPI) will rise 3.2 percent this year, predicts a central bank research group. GDP growth for the first half of this year may hit 11 percent, the group said in a report released on Thursday, according to the Financial Times. In the first quarter, China's GDP posted an 11.1 percent growth after rallying a 10-year high of 10.7 percent in 2006. The group forecasted the CPI increase in the January-June period at 3.0 percent, equal to the central bank's target for the whole year. It attributed accelerating inflation to the price hikes in meat, eggs and cooking oil which is expected to add to the inflationary pressure in the latter half of the year. What may further push up the overall price level are the high oil prices, price restructuring of resources, and rises in labor cost, said the group. However, the reduction in import and export tariffs, and export rebates, as well as an overcapacity in certain consumer goods may help mitigate the upward pressure. In May, the CPI in the country reached a two-year high of 3.4 percent after rising 3.1 percent in March and 3.0 percent in April. |
 | All eyes on CPI to gauge future monetary moves 2007-06-25 06:06 |
| Macao's CCPI sees rise in May 2007-06-22 06:20 |
| Food costs to fuel CPI above 3% annual target 2007-06-21 06:54 |
| Food price hikes lift CPI to 3.4% 2007-06-13 06:48 |
| Continuous price hikes for meat, eggs likely to affect CPI 2007-05-24 06:21 |
| China's CPI rises three percent in April 2007-05-14 07:42 |
| CPI to Increase by 3.1% in Q2 2007-04-30 06:31 |
| Macao's CCPI Sees Rise in the 1st Quarter 2007-04-17 06:56 |
| Industrial Bank: China's consumer price index may exceed 2.9% 2007-03-29 07:55 |
All articles marked with "Article type: Original" posted on the website of the Ministry of Commerce and its sub-sites are copyrighted by this Website and its sub-sites. Any reproduction or use by any other websites, media or individuals must be attached with a clear indication of "Source: Ministry of Commerce Website".
All articles posted on this website or its sub-sites marked with "Article type: reproduced" or "Article type: translated" and "Article type: redistributed" come from other media, and are provided solely for the user's information, which does not mean this Website or its sub-sites endorse the ideas thereof or assume any legal liability or responsibility for their authenticity. Any other media, websites or individuals must maintain the source of information indication on this Website or its sub-sites when using the information, and shall assume legal liability for the use.
