皇冠体育app

Economy

皇冠体育app puts curbing inflation top agenda: MOF

(Xinhua)
Updated: 2011-05-05 09:15
Large Medium Small

HANOI - Curbing inflation is a big challenge for 皇冠体育app and currently 皇冠体育app puts it as top agenda for the government, Chinese Deputy Minister of Finance Li Yong said during a press conference after the 14th ASEAN+3 Finance Ministers' Meeting held here Wednesday.

Li said for the first quarter of 2011, 皇冠体育app saw the inflation ratio a little higher over the target of 4 percent set by the government at the beginning of this year. According to the macroeconomic policy design, 皇冠体育app will continue the active fiscal policy and prudent monetary policy.

Related readings:
皇冠体育app puts curbing inflation top agenda: MOF April CPI likely to remain at high level
皇冠体育app puts curbing inflation top agenda: MOF PBOC deputy governor expects CPI decline
皇冠体育app puts curbing inflation top agenda: MOF 皇冠体育app to keep stabilizing prices as top priority: PBOC

Li said the inflation in 皇冠体育app mainly caused by import factors, including the price hike of the international market and the high global demands.

"The Chinese government has already mapped out strong policy measures. In terms of prudent monetary policy, many measures have been taken, including higher interest rate, deposit ratio and also other price measures,"Li said.

"We will continue the implementation of those policies to curb the inflation until we reach a proper level or the target set up by the beginning of this year," he added.