China's inflation rate is unlikely to remain high for next year's hyperinflation

China appears to be pushing inflation out of control, but it is less pessimistic about China, which has accumulated rich experience in regulating inflation.　　Turning to historical data, China's CPI inflation has reached more than 20% of hyperinflation, the memory of social unrest is the main reason for the Chinese government to show stable price determination.　　But even if China has adopted a series of heavy-handed administrative measures, it will need to focus on the root causes of slowing economic growth, speeding up structural adjustment, rationalizing excess liquidity and raising residents ' incomes. Officials and experts generally believe that most of China's manufacturing industry still faces overcapacity, the supply of food and basic agricultural products remain stable, and the fundamental supply and demand determine that China's risk of hyperinflation next year is not big.　　But the management of inflation expectations has become a long-term task for China in the face of the pressure from excess liquidity from domestic and foreign currencies. CICC's latest report predicts that China's CPI will continue to climb by 4.8% in November, with a 4.5%-5% high in the first quarter, largely due to continued pressure on food inflation in the short term and a modest rise in non-food CPI prices.　　And in the second half of next year inflation will show a retreat, the annual CPI inflation of about 4.3%.　　In the face of rising price pressure, the national Development and Reform Commission has issued a number of articles to emphasize the smooth price, and require all departments to take decisive and vigorous measures to increase price supervision and inspection efforts to maintain the overall level of consumer prices are basically stable. Liu