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China's CPI may go up 3.1% in Q2

By Zhao Tingting (chinadaily.com.cn)
Updated: 2010-04-26 15:56
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China's CPI in the second quarter may rise 3.1 percent from the same period of last year, the Oriental Morning Post reported Monday, citing the Lang Run Forecast.

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The forecast was released by Peking University's China Center for Economic Research (CCER), a major government think tank, at a conference on Saturday.

The Lang Run Forecast was based on the weighted average of projections from 23 institutions, including the CCER, Morgan Stanley, the State Information Center, China International Capital Corp, Citigroup, CITIC Securities, HSBC and UBS Securities.

Lu Feng, a professor with the research center, said at the conference that China would face significant inflationary pressure and lower trade surplus in the second quarter. CPI and PPI are expected to have mild adjustments, according to Lu.