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From Chinese Media

Govt action possible in Q1 to rein inflation

Updated: 2011-01-14 15:15

By Hao Yan (chinadaily.com.cn)

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The National Development and Reform Commission (NDRC) may take new measures against possible high inflation in the first quarter, the China Securities Journal reported Friday, citing an official.

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Zhou Wangjun, deputy director of the pricing department of the NDRC, China's economy planning agency, said Thursday that production recently has been slowing down as spring festival draws near, so the first quarter is likely to witness continuous inflation.

Prices are being pushed upward by imported inflation, and by the rising costs of labor, land and other resources, added Zhou.

Zhou did not name the specific measure to rein the inflation, but sources say the commission uses administrative policies more and more cautiously.

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