China July CPI rose 6.5%, another recent high. What factors lead to high general level of prices? How to look at the current price situation? The latter part of the price trend in China will be how? State what measures will be taken to control prices? Reporters interviewed the 9th National Development and Reform Commission Zhou Wang, deputy director of the price the military.
Zhou Wang Jun said that the current price run clear characteristics inflection point expected in the second half of China's food prices will remain high, stable and slightly volatile situation, but because of the rapid decline hikes, is expected to post an overall price level will drop slightly.
He said, looking from the specific commodity, commodity prices were stabilized or down trend. With state support for production, control the market effects of various policy measures to further show, grain, pigs, vegetables and other major agricultural products (15.30-0.22-1.42%) tended to improve market supply and demand, food price inflation has stabilized or that there are decline. Steel, cement and other major industrial goods prices basically stable, the pressure upstream and downstream transmission has been reduced. The recent international market of crude oil, wheat, corn, soybeans and other major commodity chain prices fall, the international market of imported inflation significantly decreased.
"From the carryover effect of view, a few months after rapid deceleration from the 8-December hikes hikes to see fall faster, a big margin, decreased 0.66 percentage points month, although after a few months there are some new factors, but new factors will be significantly lower than the tail down factor. "he said.
In addition, from the cyclical fluctuations of view, the current round of price increases has nearly knee. He said that the new century (15.35-0.48-3.03%), the country has undergone two more significant price increases, respectively, in 2003-2004, 2007-2008, the consumer price index rose period were 27 and 24 months. July of this year, the consumer price index rose has lasted 25 months, from a cyclical fluctuation of view, the price has nearly run inflection point, or tends to fall more likely.
Zhou Wang Jun said, the current, favorable price stability gradually increased. Domestic economic growth remains steady and rapid growth range, to stimulate the national economy by the policy shift to self-growth, continue to move in the expected direction of macro regulation and control. Especially in the domestic money supply situation improved significantly relaxed; rapid revenue growth, ample foreign exchange reserves; grain yield for seven years, another bumper harvest of summer grain, grain stocks sufficient; industrial consumer goods production capacity sufficient overall oversupply; price monitoring checking and anti-price monopoly law enforcement to further strengthen the market price to significantly improve; hikes significantly decreased. These are price stability and laid a solid foundation.
"However, from the trend of late to see the price run there are still some uncertain factors, such as the global economic recovery is not yet clear, fast growth in domestic demand for energy resources, disaster prevention and mitigation grim autumn grain production, pig and fish production also need to restore a certain time. "he said.
Zhou Wang Jun said, in response to the course of this round of price increases, the central government to play a "combined", comprehensive facilities strategy and achieved positive results.
Price stability for the future initiatives, he said, "We will follow the central authorities' adhere to the general level of price stability as the primary task of macroeconomic regulation, strengthen the government's responsibility to strengthen market security, reduce distribution costs, remediation market price order, for poor people take strong and effective relief measures' requirements in the implementation of good policies have been based on the focus on the following four measures to stabilize prices. "
He said that China will be sorted out in circulation, cancellation fees overdue highway, reduce the high charges, and vigorously straighten out the farmers markets, supermarkets charge slotting allowances and bank card and unreasonable charges.
In addition, the state will continue to promote security standards and improve the social assistance linkage mechanism of price increases, before the end of supervision over the whole set up.
He said that all levels of government will strengthen supervision of market prices, crack down on hoarding, speculation, price fixing and other illegal activities. "The second half will continue to strengthen national food, the supply of live pigs and vegetables to ensure stable prices of agricultural products."