Stabilizing consumer prices a top priority: Wen

0 Comment(s)Print E-mail China Daily, July 6, 2011
Adjust font size:

China's inflation will be kept under control despite strong momentum from the recent surge in pork prices, authorities assured on Tuesday.

Inflationary pressures are already restrained but are yet to be eliminated, said Premier Wen Jiabao in a statement published on the central government's website.

"Stabilizing the general level of consumer prices remains the top priority of our macroeconomic regulation," Wen said during a visit to Northeast China's Liaoning province on Sunday and Monday. "Prices will be effectively controlled when government policies take effect."

Vice-Premier Li Keqiang also urged that prices be kept stable.

"(We must) cut logistics costs to help keep the overall stability of prices," he said during a visit to Anhui province on Sunday and Monday. The rising prices of some products, such as vegetables, have been attributed to exorbitant transportation costs, calling for reforms of relevant fee-collecting policies.

He also called for "proper management of inflationary expectations", China Central Television reported.

China's consumer price inflation rose to a 34-month high of 5.5 percent in May from 5.3 percent in April. Economists forecast it could even exceed 6 percent in June, which would be the highest in about three years. The National Bureau of Statistics is scheduled to release the data next week.

"The peak of inflation could have come in June," said Lian Ping, senior economist at the Bank of Communications. "It will gradually drop in the second half of this year, although the decline will be limited," he said, citing the rising labor costs, brisk economic expansion and high international commodities prices.

Prices of food products are believed to have played a major role in driving up consumer inflation, with pork becoming the core element.

Pork prices rose 3.4 percent week-on-week in the week ending July 3, after an increase of 4.5 percent in the previous week, according to a Ministry of Commerce statement on Tuesday.

Prices have risen strongly since May - a traditionally slack season - mainly because of a cyclical domestic shortage of pigs and surging feed prices. Many farmers were reluctant to keep pigs due to low sales prices and diseases last year, causing a shortage of supply this year, experts say.

Year-on-year, pork prices rose about 54 percent at the end of May, according to a survey by the Ministry of Agriculture.

"However, the price of pork may have peaked in June, rising by about 60 percent," said Gao Li, an analyst at Huachuang Securities, in a recent report. "It could be the highest in this round of pork price rises."

Premier Wen said he has noticed the sharp rise in pork prices. The government is taking steps to ease inflation and "pork prices will start to drop in the coming months", he said.

Wen and Li also said the building of low-cost affordable housing for low-income earners must be carried out strictly as scheduled and quality must be ensured. "The supervisory role of the media should be strengthened (in monitoring the quality of construction)," said Li.

Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 日韩中文在线视频| 欧美精品一区二区久久| 日本在线观看一级高清片| 亚洲成人第一页| 电车上强制波多野结衣| 啊用力太猛了啊好深视频免费| 黑白配hd视频| 富二代官网下载在线| 久久91精品国产91久久麻豆| 曰韩无码无遮挡a级毛片| 亚洲另类专区欧美制服| 欧美精品一区二区三区久久 | 又粗又紧又湿又爽的视频| 超碰aⅴ人人做人人爽欧美| 国产成人亚洲综合无| asspics美女裸体chinese| 巨肉黄暴辣文高h文奶汁| 中文字幕免费在线视频| 日本精品久久久久久福利| 五月天婷婷社区| 欧美a视频在线观看| 亚洲国产日产无码精品| 精品国产av一区二区三区 | 日本亚洲黄色片| 国产精品国三级国产av| 91一区二区在线观看精品| 在线一区免费视频播放| av成人在线电影| 天天爱天天操天天干| 一级一片免费视频播放| 成人免费区一区二区三区| 中文字幕乱码人妻一区二区三区| 无码人妻丰满熟妇区毛片| 久久久久久国产精品免费免费男同| 日韩不卡手机视频在线观看| 久久精品青青大伊人av| 日韩欧美一区二区三区在线| 九九99re在线视频精品免费| 最新欧美精品一区二区三区| 亚洲AV无码乱码麻豆精品国产| 桃子视频在线观看高清免费视频 |