© Scanpix/AP
|
Tightening policies resulted in the decrease of CPI, the main indicator of inflation, the index was only 5.5% year-to-year in October as compared to 6.1% in September. The World Bank projects lower inflationary pressure in 2012 with CPI growing by 5.3% for the 2011 and 4.1% in 2012. However, the government's monetary policy came in for criticism as the uncertainty across the developed economies rises and the growth forecasts decreases. Experts claim China should ease its monetary policy before it is too late.