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BEIJING (MNI) - China's inflation is likely to stay moderate this year,
Ning Jizhe, the head of the National Bureau of Statistics, told MNI.
"Pork prices have been declining on a monthly basis," said Ning, when asked
whether the high level pork prices will continue to fuel overall inflation. Ning
spoke in an interview on the side line of the 24th China Capital Market Forum in
Beijing on Saturday.
CPI rose 4.5% y/y in December, unchanged from November. Inflation for
whole-year 2019 was 2.9% y/y, below the government-set 3% ceiling.
Ning is also optimistic on domestic demand, pointing to retail sales
gaining 8% y/y in November. "It is a decent growth," Ning said.
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--MNI Beijing Bureau; +86 (10) 8532-5998; email: email@example.com
--MNI Beijing Bureau; +86 10 8532 5998; email: firstname.lastname@example.org