No major consumer price inflation expected, despite outbreak

China Daily (Europe) | Feb 15, 2020 at 12:00 AM
  • China is not going to have a large-scale consumer price inflation though the novel coronavirus outbreak will lead to higher CPI pressure in the short term, a central bank official said on Saturday.
  • The central bank will take measures to stabilize prices, as “we believe that China will never have large-scale inflation,” said Fan.
  • The central bank pledged to maintain a prudent monetary policy.