Inflation may peak in June; hard landing for economy 'avoidable'
By George Ng and Wang Xiaotian | China Daily | Updated: 2011-06-03 07:59
HONG KONG / BEIJING - Inflation will probably peak at the end of this month and a hard landing for the economy will be avoided, a senior economist said on Thursday, amid a manufacturing slowdown and persistent inflation concerns.
Several positive factors support this forecast, Fan Gang, a former adviser to the central bank's monetary policy committee, said in Hong Kong.
Tighter monetary policies over the past eight months have mopped up a large chunk of surplus liquidity while oil and commodity prices have stabilized, Fan said.
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