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Moderate CPI Recovery Next Year - NDRC


China’s CPI will moderately recover next year as base effects weaken and demand increases during peak consumption season around New Year’s Day and Spring Festival, according to Li Chao, spokesperson at the National Development and Reform Commission. Li said pork prices could continue their current upward trend and the NDRC would ensure smooth supply of food products during peak season. On domestic demand, Li noted industrial companies have maintained positive profit growth for three consecutive months which would boost workers' income and enhance momentum. (Source: Yicai)

MNI Beijing Bureau |
MNI Beijing Bureau |

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