China NDRC sees no easing in imported inflation
BEIJING Aug 29 (Reuters) - Import price in China have not stopped rising, making it difficult for the government to achieve its full-year inflation target, the country's top economic planner said on Monday.
Global commodity prices are still high, pushing up rising production costs for Chinese firms, the National Development and Reform Commission (NDRC) said in a statement on its website: www.ncrc.gov.cn.
The government aims to keep full-year inflation below 4 percent.
The agency also warned that the debt crisis in the euro zone is "deteriorating and spreading". (Reporting by Zhou Xin, Langi Chiang and Kevin Yao; Editing by Ken Wills)
- Qatar adamant it will host 2022 World Cup despite doubts
- Argentina's Fernandez to meet billionaire investor Soros in New York
- New Jersey hiker killed by black bear : police
- Islamic State urges attacks on U.S., French citizens, taunts Obama
- Housing data hits Wall Street; S&P has worst day since August 5 |