Source: CCTV.com

05-11-2009 18:07

Jing Ulrich, Chairman of China Equities at J.P. Morgan said "Deflationary concerns appear to be subsiding as the economy shows signs of recovery. "The sharp rise in food prices in early 2008 and subsequent declines explain much of the year-on-year fall in headline CPI inflation."

Jing Ulrich, Chairman of China Equities at  J.P. Morgan

Tang Jianwei, Analyst of Bank of Communications said "The figures were in line with our expectations, and we expect CPI to remain negative in the first half. Deflationary pressure is not as severe as it looks. With the economy recovering, price changes will be back into positive territory in the second half."

Nie Wen, Analyst of Fortune Trust said "The declines in CPI and PPI could send a negative signal that deflationary pressure will intensify in coming months. Personally, I think the CPI will not get back to positive territory before July."

Jiang Chao, Analyst of Guotai Junan Securities said "In our view, CPI already hit bottom in February when you compare it with a year earlier. We expect the figure to rise to minus-1-percent in May, and regain positive territory in the fourth quarter of this year."

Editor:Xiong Qu