China's consumer price index (CPI) in June may have exceeded 4
percent from a year earlier due to higher food prices, domestic
securities analysts told China Business News, expecting more
tightening monetary policies to come out.
A 4 percent year-on-year level is already passing an alarm line
the government would withstand, said Shenyin Wanguo Securities
analyst Li Huiyong, urging the government to readjust the low real
interest rate.
Li expected another interest rate hike in the third quarter of
this year to curb excessive investment.
For more details, please read the full story in Chinese (
http://www.china-cbn.com/s/n/000002/20070710/000000072534.shtml).
(China.org.cn July 10, 2007)
