Inflationary worries

Policymakers better prepare for a good fight to prevent rampant inflation.

That was the gist of a report by the People's Bank of China last Friday. It recognized that the economy was off to a good start this year but it also underlined how important it was to stabilize general price levels.

The focus on price gains shows that legislators are indeed mindful of inflationary pressures despite the fact that inflation was not as high as expected in the first quarter.