Business / Macro

CPI to reach 3.11% in 2013: study

( Updated: 2013-02-25 17:03

China's inflation may increase to 3.11 percent in 2013, up from last year's 2.6 percent, a report on the country's macroeconomic outlook said over the weekend.

The global monetary easing will to some extent pile up inflationary pressure for China, but the economy is not likely to see serious price hikes this year, said the report compiled by Xiamen University and the Economic Information Daily, a subsidiary of the Xinhua News Agency.

On the monetary policy side, the fist half of the year will see a relatively loose stance to deal with the uncertainty of the global economy, with the growth rate of M2, a measure of money supply, to reach 15 percent. But the growth rate will slow down in the second half due to the increasing inflationary pressure, according to the report.

If there is a global economic recovery, China will face growing inflationary pressure in 2014, the report said.

The country's economic growth is expected to reach 8.23 percent this year, an increase of 0.43 percentage points from last year.

Export growth will accelerate to 12.22 percent in 2013, from last year's 7.9 percent. Import growth will reach 17.83 percent, from last year's 4.3 percent, the report said.


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