Tue, 17 Jan 2012 09:27:21 GMT
China may face price increase this year
The head of NBS warned China of ongoing price growth pressures in China and recommended the government to maintain its prudent monetary policy. The base for price stabilization is not firm enough, and there are possibilities for price rebound, he added. Increasing labour, resource and land costs all contribute to further price growth in long-run, he pointed out.