To discuss this, we're pleased to have Professor Tao Ran from the School of Economics at Renmin University of China. He's also the director of the China Center for Public Economics and Governance.

1. What do the March CPI and PPI figures say about the general picture of the Chinese economy?

2. On the one hand, at the national level, we need a certain level of inflation for economic growth..but on the other hand, a recent Central Bank survey shows that more than half of Chinese consumers already think current prices are too high.  Is a balance possible?