Top statistician sees inflation easing
Updated: 2012-03-06 09:09
(Xinhua)
|
|||||||||
BEIJING -- Ma Jiantang, China's top statistics official, on March 5 said he expected inflationary pressure to ease a little as the economy slows this year.
Ma, however, warned of a resurgence in inflation if the problem is not taken seriously.
"We should by no means lower our guard [against inflation]," he told Xinhua on the sidelines of the annual parliamentary session, which opened on March 5.
According to a government work report delivered by Premier Wen Jiabao at the annual parliamentary session, the Chinese government set the full-year inflation control target for 2012 at 4 percent, unchanged from the target in 2011.
The Consumer Price Index (CPI), a main gauge of inflation, well exceeded the government's goal and shot up by 5.4 percent last year.
"Potential factors such as rising labor costs that push up prices are still there," said Ma, director of the National Bureau of Statistics, which produces a string of economic data such as CPI and gross domestic product for the world's second-largest economy.
"If not properly controlled, the inflation potential will turn into real risks for our economy," Ma warned.
- Relief reaches isolated village
- Rainfall poses new threats to quake-hit region
- Funerals begin for Boston bombing victims
- Quake takeaway from China's Air Force
- Obama celebrates young inventors at science fair
- Earth Day marked around the world
- Volunteer team helping students find sense of normalcy
- Ethnic groups quick to join rescue efforts
Most Viewed
Editor's Picks
Supplies pour into isolated villages |
All-out efforts to save lives |
American abroad |
Industry savior: Big boys' toys |
New commissioner
|
Liaoning: China's oceangoing giant |
Today's Top News
Health new priority for quake zone
Xi meets US top military officer
Japan's boats driven out of Diaoyu
China mulls online shopping legislation
Bird flu death toll rises to 22
Putin appoints new ambassador to China
Japanese ships blocked from Diaoyu Islands
Inspired by Guan, more Chinese pick up golf
US Weekly
Beyond Yao
|
Money power |