CHINA 2007 CPI TO HIT 4.5%, MORGAN STANLEY SAYS
AsiaInfo Services, November, 2007
AsiaInfo Services 11-20-2007 China 2007 CPI to Hit 4.5%, Morgan Stanley Says BEIJING, Nov 20, 2007 (SinoCast via COMTEX) -- China's 2007 Consumer Price Index (CPI) will reach 4.5 percent in view of the expectation on rising inflation and fast lending. Moreover, the CPI for 2008 will maintain at 4 percent due to the possible gaining oil price and money supply next year, according to a research report by Morgan Stanley Asia. The People's Bank of China, the country's central bank, took positive measures in curbing the inflation.
The expectations will be greatly reduced if the index will remain under 5 percent in the first half of next year. The report additionally indicated that China needs to pay more attention to the rapid growth of broad money supply. The...
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