EconoChina

A blog on Chinese economy & society

China to state explicit inflation target

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Chinese Premier Wen Jiabao is expected to state explicit inflation target in his “work report”due to be released in the National People’s Congress tomorrow, local Hong Kong media reported. This underscore a major change in Chinese policy as the focus was on deflation last year. Following record bank lending that leads to bubble fears, inflation fear is back. Chinese tightening is inevitable. Many are looking for possible rate increase in the Q2.

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Written by Cindy Luk

March 4, 2010 at 9:03 pm

Posted in China, Macro

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