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NDRC official: China is not inflation exporter

By Li Xing (chinadaily.com.cn)
Updated: 2011-05-11 00:11

WASHINGTON – There is little evidence that rising wages of Chinese workers is causing inflation in the world, Zhang Xiaoqiang, deputy head of the National Development and Reform Commission, told the media on Tuesday on the sideline of the third round of China-US Strategic and Economic Dialogue.

From a long-term point of view, the rising wages of Chinese workers is a positive factor in China's drive to restructure its economy and increase domestic consumption, Zhang said.

Multiple other factors have contributed to rising inflation in the world, he said. These include over-loosening of monetary policies and the rising commodity prices.

Prices for crude oil has risen by 33 percent this year, he said.