China’s NDRC: CPI to grow mildly in 2021, remain within target

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China’s Consumer Price Index (CPI) is expected to increase slightly this year and remain within the official target, Meng Wei, a spokesperson for the National Development and Reform Commission (NDRC) said on Monday.

Additional quotes

“Price trends in China will be influenced by external factors as global commodity prices rise.”

“But the impact would be limited and controllable.”

Note that China has set a target for CPI at around 3% this year.

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