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)