China's central bank warns of inflation
Updated: 2013-02-07 09:38
(Xinhua)
|
|||||||||
Although prices are relatively stable now, uncertainties are building up, the PBOC warned in the report.
As China's working-age population grows slower, prices of labor-intensive farm produce and services will trend up, it said.
Meanwhile, the ultra-loose global monetary supply will last for quite a long period, making it necessary to look out for potential imported inflation, according to the report.
The central bank reiterated that it will continue to implement a prudent monetary policy and make it more forward-looking, targeted and flexible.
It pledged to maintain a reasonable level of market liquidity and keep credit and social financing growing steadily and properly.
Credit support will be strengthened for key national projects, the rural sector, small enterprises, modern services and emerging industries, the PBOC said.
Speculation and investment demand in real estate will continue to be curbed, according to the central bank.
It noted that China's economy will hopefully maintain steady and relatively fast growth.
"The momentum of sustained growth remains strong and positive factors that can drive domestic demand up are increasing," it said.
However, the report stressed that the sluggish recovery of the global economy, the negative effects of monetary loosening abroad and the unbalanced economic structure domestically still present a complicated environment for China.
Related reading
China's farm produce prices rise slower
China's GDP growth to be 7.8% in 2013: survey
Dec CPI reaches highest since May
Risks to economy 'can be managed'
Consumer confidence rises: survey
- Li Na on Time cover, makes influential 100 list
- FBI releases photos of 2 Boston bombings suspects
- World's wackiest hairstyles
- Sandstorms strike Northwest China
- Never-seen photos of Madonna on display
- H7N9 outbreak linked to waterfowl migration
- Dozens feared dead in Texas plant blast
- Venezuelan court rules out manual votes counting
Most Viewed
Editor's Picks
American abroad |
Industry savior: Big boys' toys |
New commissioner
|
Liaoning: China's oceangoing giant |
TCM - Keeping healthy in Chinese way |
Poultry industry under pressure |
Today's Top News
Boston bombing suspect reported cornered on boat
7.0-magnitude quake hits Sichuan
Cross-talk artist helps to spread the word
'Green' awareness levels drop in Beijing
Palace Museum spruces up
First couple on Time's list of most influential
H7N9 flu transmission studied
Trading channels 'need to broaden'
US Weekly
Beyond Yao
|
Money power |