China's economy

"Very difficult" for China to meet inflation target: People’s Daily

China's consumer price index may exceed the government's tolerance level again this year, according to an editorial in the official state newspaper.
<div style="text-align: left;"> Stabilising prices is Beijing's priority for second half (AFP) </div>
<div style="text-align: left;"> Stabilising prices is Beijing's priority for second half (AFP) </div>
August 29, 2011

Despite a series of fiscal manoeuvres to curb runaway consumer prices, it will be “very difficult” for China to meet its 2011 inflation target, the official People’s Daily said in a strongly worded editorial last week.

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