China' s 2010 CPI to exceed 3%

China Daily, November 10, 2010

Amid pressure from soaring food prices, China's top economic planner predicted on Tuesday that the consumer price index (CPI), the main gauge of inflation, for the year, may exceed the 3 percent target set by the government in March.

"The CPI for the year may slightly exceed 3 percent. We're keeping a close watch on price fluctuations, particularly the food price," Zhang Ping, head of the National Development and Reform Commission (NDRC), said at a conference in Beijing.

He said the NDRC had previously estimated that the situation would not have been so grim in the fourth quarter, so the 3 percent target could be reached, but recent price hikes have made the commission adjust its prediction.

The devaluation of the United States dollar, the rising number of natural disasters in China, ample liquidity in markets and speculation all contributed to the recent price increases, he said.

Analysts have made further predictions. "Under the impact of the latest monetary policy of the US and Japan, China's CPI may reach 4 percent or even higher next year, especially in the first quarter of 2011," Zhu Baoliang, chief economist for the State Information Center, was quoted by the Xinhua News Agency as saying.

The increasing inflation pressure has made more people consider cutting their expenses.

A new survey conducted by the statistics bureau of Southwest China's Sichuan province shows that 51 percent of the 600 respondents said the increase in food prices exerts the heaviest pressure on their daily lives, and 20 percent of them have decided to tighten their purse strings.

"Even the price of battercake, which I have as breakfast every day, has gone up from 3.5 yuan (53 cents) to 4.5 yuan," said Cai Mao, 24, a resident in North China's Tianjin municipality.

Latest data released by the NDRC on Nov 2 showed that in October about 80 percent of the food products in 36 major cities across the country saw price increases over the previous month.

However, survey results show that 23.4 percent of people had not received a salary increase in the past five years, according to the All-China Federation of Trade Unions.

The Beijing Civil Affairs Bureau said on Sunday that if the price surge continues, the government will give special basic living allowances to low-income households.

The government of Northwest China's Shaanxi province on Oct 1 lifted the basic living allowance for low-income families to cope with the rising prices.

Similar practices have also been reported in Xiamen in Fujian province, Weifang in Shandong province and Hangzhou in Zhejiang province.

主站蜘蛛池模板: 中文字幕julia中文字幕| 亚洲免费成人网| 美女把屁屁扒开让男人玩| 国产成人免费手机在线观看视频 | 中国一级特黄aa毛片大片| 日韩在线高清视频| 亚洲亚洲人成综合网络| 欧美精品videossex欧美性| 免费a级毛片无码鲁大师| 精品福利视频导航| 国产chinese中国hdxxxx| 高清无码一区二区在线观看吞精| 国产精品三级在线观看无码 | 日韩精品免费电影| 亚洲人成人77777网站不卡| 欧美理论电影在线| 亚洲精品视频区| 男人把女人桶爽30分钟应用| 午夜精品成人毛片| 老师我好爽再深一点视频| 国产午夜影视大全免费观看| 黑人巨茎大战欧美白妇免费| 国产欧美另类久久精品91| 福利姬在线精品观看| 国产精品自产拍2021在线观看 | 亚洲精品在线免费观看| 男人的天堂久久| 免费看国产精品麻豆| 精品国产高清久久久久久小说 | 99久久精品免费视频| 天堂在线中文字幕| a毛片成人免费全部播放| 天天碰天天摸天天操| zooslook欧美另类dogs| 少妇丰满爆乳被呻吟进入| 一级特黄特色的免费大片视频| 无码成人精品区在线观看| 久久久无码人妻精品无码| 日本牲交大片无遮挡| 久久国产精品-国产精品| 日本黄色片在线播放|