China will not face serious inflation


Although prices of food, housing and shares are increasing, an official from a think-thank of the Communist Party of China (CPC) on Wednesday claimed that „China will not face serious inflation.”

Zheng Xinli, deputy director of the Policy Research Office of the CPC Central Committee, told a press conference that price fluctuations were unavoidable but the forces that had driven up prices were dissipating. Zheng said that China would resolve price hikes for certain goods by increasing supply. Given the fact that the soaring price of pork, China’s staple meat, has pushed up the consumer price index (CPI), the State Council worked out a series of policies to boost pork production. „In first half of next year, the positive effects of the policies will emerge,” Zheng said.

Commenting on concerns that pork supplies might exceed demand early next year, Zheng said China was building cold storage facilities. Once market prices for pork had fallen below cost, the government would increase pork reserves, so as to ensure a stable market. He said government will also build and sell more low- and mid-priced apartments to control current excessively high housing prices. He said efforts would also be made to maintain a stable stock market, including increasing the number of listed companies and encouraging state-owned enterprises that had already listed overseas to also list domestically. (


Avg Compulsory Vehicle Insurance Premium up 5% Figures

Avg Compulsory Vehicle Insurance Premium up 5%

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

4iG, Rheinmetall Establish IT JV Deals

4iG, Rheinmetall Establish IT JV

24th FIABCI Hungarian Prix d’Excellence Held Awards

24th FIABCI Hungarian Prix d’Excellence Held


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.