Wangguogang: China is rising prices rather than inflation

Rae, a journalist at the China Social Science Forum held in Beijing November 11, Wangguogang, director of the Institute of Financial Research at Cass, said there is no inflation in China at the moment. Wangguogang that, in general, the CPI rose for 6 consecutive months more than 3% as inflation, in order to see China appears to have inflation. Unlike Europe and the United States, China's CPI composition of agricultural products weight accounted for 1/3. From the beginning of this year, the natural disasters caused the production of agricultural products cut, the market supply shortages, thus rising prices, pushing the CPI high. In addition, last November, the government began to adjust the price of electricity and gas, the government price adjustment and the rise in agricultural prices to promote CPI, can only be called price rise, not inflation.　　The rise in CPI is not a result of excessive currency issuance, so it is not possible to find a solution to monetary policy.　　The National Bureau of Statistics today released data, October consumer prices (CPI) Rose 4.4% Year-on-year, the increase than last month, 0.8%, the chain Rose 0.7%, industrial products ex-factory (PPI) growth of 5.0 per cent, the increase than last month's 0.7%, the chain Rose 0.7%. (Stock market Weekly feeds)