They also said the central bank should deal with the monetary tightening in a more flexible way to prevent a drastic economic cool-down.
Zhang Xiaojing, a researcher with the Chinese Academy of Social Sciences, estimated CPI growth would decelerate in the latter half of this year, as food prices which had pushed up CPI would drop as the severe drought in south China was over. He also expected CPI growth to peak in June.
Guo Tianyong, a professor with the Central China Finance University, said the economic growth would not slow to below the target of 8 percent.
"It is too early to talk about relaxing the monetary policy before inflation is fundamentally curbed," Guo said.
Related:
Adjustments of China's bank required reserve ratio in 2011
1st timeThe People's Bank of China (PBOC), or the central bank, said on its website on Jan. 14 that it would lift the bank reserve requirement ratio by 50 basis points as of Jan. 20.
2nd time The People's Bank of China (PBOC), the central bank, announced on Feb. 18 that it would increase the bank reserve requirement ratio of 50 basis points beginning Feb. 24.
3rd timeThe People's Bank of China (PBOC), China's central bank, announced on March 18 to raise the bank reserve requirement ratio by 50 basis points from March 25.
4th timeChina's central bank announced Sunday it would raise lenders' required reserves by 50 basis points from April 21, the fourth time this year.
5th timeChina raises bank reserve requirement ratio by 50 basis points on May 18
6th time China's central bank said on Tuesday it would raise the bank's reserve requirement ratio by 50 points from June 20.
China may stop raising interest rates soon: economist
BEIJING, June 5 (Xinhua) -- China's recent interest rate hikes may soon come to an end, but another rate increase is still possible before the end of this month, according to Lian Ping, chief economist for the Bank of Communications.
Full story
China to continue prudent monetary policy: central bank
BEIJING, June 3 (Xinhua) -- The People's Bank of China, the country's central bank, reiterated Friday it would continue to implement a prudent monetary policy this year.
The central bank will measure the financial sector's support for the country's economy by the indicator -- total social financing, it said in an abstract of 2011 China Financial Stability Report posted on its website on Friday. Full story
Special Report: China's economic figures in May 2011
Special Report: Will interest rate hike come soon?
1 2 3
Source:Xinhua
Weekly review
Zhang Xiaojing, a researcher with the Chinese Academy of Social Sciences, estimated CPI growth would decelerate in the latter half of this year, as food prices which had pushed up CPI would drop as the severe drought in south China was over. He also expected CPI growth to peak in June.
Guo Tianyong, a professor with the Central China Finance University, said the economic growth would not slow to below the target of 8 percent.
"It is too early to talk about relaxing the monetary policy before inflation is fundamentally curbed," Guo said.
Related:
Adjustments of China's bank required reserve ratio in 2011
1st timeThe People's Bank of China (PBOC), or the central bank, said on its website on Jan. 14 that it would lift the bank reserve requirement ratio by 50 basis points as of Jan. 20.
2nd time The People's Bank of China (PBOC), the central bank, announced on Feb. 18 that it would increase the bank reserve requirement ratio of 50 basis points beginning Feb. 24.
3rd timeThe People's Bank of China (PBOC), China's central bank, announced on March 18 to raise the bank reserve requirement ratio by 50 basis points from March 25.
4th timeChina's central bank announced Sunday it would raise lenders' required reserves by 50 basis points from April 21, the fourth time this year.
5th timeChina raises bank reserve requirement ratio by 50 basis points on May 18
6th time China's central bank said on Tuesday it would raise the bank's reserve requirement ratio by 50 points from June 20.
China may stop raising interest rates soon: economist
BEIJING, June 5 (Xinhua) -- China's recent interest rate hikes may soon come to an end, but another rate increase is still possible before the end of this month, according to Lian Ping, chief economist for the Bank of Communications.
Full story
China to continue prudent monetary policy: central bank
BEIJING, June 3 (Xinhua) -- The People's Bank of China, the country's central bank, reiterated Friday it would continue to implement a prudent monetary policy this year.
The central bank will measure the financial sector's support for the country's economy by the indicator -- total social financing, it said in an abstract of 2011 China Financial Stability Report posted on its website on Friday. Full story
Special Report: China's economic figures in May 2011
1 2 3
Source:Xinhua
Weekly review
