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China inflation partly due to money supply -PBOC Wu

Sat Dec 15, 2007 10:02pm EST

BEIJING, Dec 16 (Reuters) - Rising prices in certain sectors of the Chinese economy are the main factor stoking inflation but money supply is also adding to the upward pressure, Wu Xiaoling, a deputy central bank governor, said on Sunday.

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Cutting money supply alone would not solve the problem and China needs to call on a mix of policy tools to calm the economy, Wu told a financial forum.

China's consumer price inflation hit an 11-year high in November at 6.9 percent. (Reporting by Langi Chiang)

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