UBS: CHINA CPI GROWING TEMPORARILY
AsiaInfo Services, March, 2008
AsiaInfo Services 03-14-2008 UBS: China CPI Growing Temporarily BEIJING, Mar 14, 2008 (SinoCast via COMTEX) -- China is merely facing a temporary growth of CPI (consumer price index), a main gauge of inflation, said yesterday Mr. Jonathan Anderson, senior economist for UBS AG (NYSE: UBS, SWX: UBSN and TYO: 8657), a global banking giant headquartered in Switzerland. He predicted that the Chinese CPI growth would narrow to 3 percent at the second half of 2008, and then the strong focus on China's current inflation situation would be shifted.
Meanwhile, the economist suggested that the nation should not take forcible measures, and had better wait for price drops. In January 2008, China's CPI expanded 7.1 percent from a year ago. The food CPI rose 18.2% month on month,...
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