国际英语资讯:Chinas mild inflation creates room for financial risk control_时事

国际英语资讯:Chinas mild inflation creates room for financial risk control

Jiang Chao, chief economist at Haitong Securities, said the CPI increase would ease to 1.6 percent in September and remain subdued for the whole year.

Prices of coal, steel and other metals continued to rise in September amid the government's efforts to reduce industrial overcapacity and enhance environmental regulations, but Jiang expected

September's PPI growth to fall to 5.8 percent due to a calculation factor in higher prices for the same month last year.

Guosen Securities analyst Dong Dezhi said the growth of CPI and PPI in August would be their peak this year.

August's price data added to a slew of upside surprises in the world's second-largest economy, which has defied market expectations of a slowdown.

Producer prices accelerated upward, a significant positive sign for China's economy, which will help drive profits higher and enable companies to process their debt burden a little more easily, Bloomberg chief Asia economist Tom Orlik said.

Surging housing prices in major cities and investment booms in financial markets -- ranging from stocks and bonds to farm produce futures -- made policy makers wary of debt piling up in enterprises, local governments and households, and prioritizing financial risk control in 2017.

Since the end of 2016, authorities have tightened financial regulation and credit control, and have been using an expanded monetary toolkit to manage liquidity.