综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

   

Tight monetary policy must not be relaxed

By Yi Xianrong (China Daily)
Updated: 2008-03-04 08:50

In January, the consumer price index (CPI) surged to 7.1 percent, creating a record in 11 years. Food prices, which account for one-third of the CPI basket, grew 18.2 percent, with pork prices up by 58.8 percent and poultry prices up 41.2 percent.

The figures suggest that consumer prices will continue to rise this year and the trend will be fairly difficult to contain within a short period.

Since the subprime crisis in the United States emerged last year, its influence has caused turbulence in the global financial market. Concern is mounting over possible economic recession in the US or even across the world.

The recent snowstorms that hit the southern regions of China raised fears in and out of the country about its impact on the economy.

The popular opinion was that China should reconsider its monetary policy, which was tightened late last year.

Admittedly, China will feel the shocks of a global economic slow down because it is a big player in international trade and an active participant in globalization.

However, these shocks will not be significant enough for the decision-makers to change the current monetary policy. After all, an imbalance in the economic structure is a more important consideration.

Although regions hit by the snowstorms suffered heavy financial losses, the impact on the national economy was temporary and fractional.

The government has earmarked huge sums of money to help people in the disaster-stricken areas in the repair and building of their homes and to restore their economies.

This government help will also serve to further drive the economic engines of these regions.

The country's main concern is how to stem inflation. Some of the regions hit by the snowstorms are agricultural bases producing vegetables, grains and fruit. Their production will definitely be reduced this year.

So, it is predictable that agricultural produce will see a price rise later this year, which in turn will push the CPI even higher.

Before the Spring Festival last month, the government implemented a series of measures to control prices, especially food prices. But these measures only had a limited effect.

Administrative control over commodity prices has little effect in the current stage of market development. Businesses and the market have various means to negate State price controls.

   1 2   


Top China News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
泾阳县| 金门县| 岳池县| 河间市| 福清市| 莱州市| 张家港市| 乌拉特中旗| 鹤峰县| 新民市| 井研县| 股票| 阳信县| 贡觉县| 娱乐| 新巴尔虎左旗| 南京市| 遂平县| 汉寿县| 老河口市| 迁安市| 张掖市| 万全县| 锡林浩特市| 临沭县| 株洲县| 井冈山市| 卫辉市| 洞头县| 通州市| 东至县| 江源县| 馆陶县| 和政县| 永顺县| 汾西县| 资溪县| 秀山| 马鞍山市| 福贡县| 肇州县|