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BIZCHINA> Top Biz News
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China's CPI to grow in November: Standard Chartered report
(Xinhua)
Updated: 2009-09-27 14:18 China's consumer price index (CPI), a major inflation gauge, might begin to see growth since November, Stephen Green, head of research for Standard Chartered Bank in Shanghai, told Xinhua Saturday. China's CPI halted its enlarging declining pace since March due to the government's stimulus measures and the CPI might rise around 4 to 5 percent in 2010, said the bank in its recent research report.
The Asian Development Bank earlier this week estimated China's CPI would fall 0.5 percent from a year earlier in 2009 and rise 3 percent in 2010. China can accept an inflation rate slightly higher than 2 percent, Zhou Xiaochuan, governor of the People's Bank of China, the central bank, said earlier this week. (For more biz stories, please visit Industries)
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