It's Time for "Chinese-style Anti-inflation" Measures

As the growth rate of China's CPI surged to 4.4% in October, the country is facing a severe anti-inflation battle. Sheng Laiyun, National Bureau of Statistics spokesman, attributes the surging CPI to rising food and housing prices. Food prices are up by 10.1% from the level of the same period last year and accounts for 74% of the CPI. Housing prices increased by 4.9% and account for 16.6% of the CPI. Market players are expecting officials to launch "Chinese-style anti-inflation" measures, by which they mean the central bank, NDRC, MIIT and other central government departments will jointly launch a series of administrative and monetary measures to counter inflationary pressures.

Source
National Business Daily

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