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China Oct. CPI likely to rise less than 1.5 pct

BEIJING
2015-11-03 09:32

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The expansion rate of Chinese consumer price index (CPI) in October probably would be no more than 1.5 percent and would continue to decrease in the coming months, according to multiple research institutions.

China has less likelihood to have negative interest rates in the near future though its central bank recently adjusted one-year benchmark savings interest rate to 1.5 percent.

"CPI growth rate in October would be around 1.5 percent, 0.1 percentage point lower from that in September on low producer price index (PPI) and cheap vegetables, eggs and fruits," said Cai Hanpian, a research with Peking University.

Forecasts of CPI growth rate in October by Everbright Securities, China Merchants Securities and Haitong Securities stand at 1.4 percent, 1.3 percent and 1.2 percent, respectively.

Annual CPI growth rate would range from 1.4 percent to 1.6 percent in 2015, said Lian Ping, chief economist with Bank of Communications.

China shall continue to implement infrastructure investment projects to stimulate domestic demand and digest over capacity and relax monetary policy is far than enough to prop up economic growth, according to Li Daokui, an economist at Tsinghua University.

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