Li Deshui: China is unlikely to show severe inflation

The rise in CPI this year will not deviate too far from the 3% set at the beginning, the economy is not overheating phenomenon, "caijing comprehensive report" This year, the CPI rise will not be set at the beginning of the 3% deviation too far away, the economy is not overheating, China is currently not likely to have serious inflation situation, Everything is under control.　　Li Deshui, deputy director of the Economic Committee of the CPPCC and former director of the National Bureau of Statistics, said at the China Macro-Economic Forum held at Renmin University 20th.　　Li Deshui said that from the relationship between aggregate supply and aggregate demand, in addition to the recent shortage of diesel supplies, a variety of goods or industrial products are supply capacity greater than demand, so that there is no basic conditions for serious inflation. Since July, consumer prices have risen faster, Li Deshui analysis, including not only the larger liquidity factors, but also should see the international impact and transmission mechanism factors. He believes that China is the first choice for international capital, hot money in a variety of legal and illegal ways, channels into China, will push up the money supply, the flow of money, and the increase in domestic production costs of agricultural products, must reflect the price of products.　　These factors should be seen in the rising cost of transport, irregular market behaviour, speculative speculation, and snapping up food in the Chinese market. Li Deshui stressed, do not put the CPI in recent months relatively fast rise, simply and excessive liquidity linked, because this deduction is proposed to the government will hold high inflation banner, liquidity recovery will become the core of macroeconomic regulation. He thought that the idea is not comprehensive enough, because next year is the "Twelve-Five" planning of the beginning of the year, no doubt should be guided by the spirit of the "Twelve-Five" planning proposal, with scientific development as the theme, to speed up the transformation of economic development mode to formulate the most accurate macroeconomic policy next year.