China Vows to Curb Inflation As Economy Heats Up – Reuters

From Reuters via Khaleej Times Online:

The People’s Bank of China (PBOC) pledged action on Wednesday to keep a lid on prices and prevent expectations of rising inflation from taking hold.

In its monetary policy report for the second quarter, the central bank reaffirmed that it will moderately tighten monetary policy as it is detecting more and more evidence that the world’s fastest-growing major economy could overheat. China’s consumer price inflation accelerated to a 33-month high of 4.4 percent in the year to June. Food costs surged 11.3 percent in June from a year earlier, led by a spike in pork and egg prices, but the PBOC said other factors were at work. [Full Text]

See also: Overheating and the Danger of Price Controls from


Subscribe to CDT


Browsers Unbounded by Lantern

Now, you can combat internet censorship in a new way: by toggling the switch below while browsing China Digital Times, you can provide a secure "bridge" for people who want to freely access information. This open-source project is powered by Lantern, know more about this project.

Google Ads 1

Giving Assistant

Google Ads 2

Anti-censorship Tools

Life Without Walls

Click on the image to download Firefly for circumvention

Open popup

Welcome back!

CDT is a non-profit media site, and we need your support. Your contribution will help us provide more translations, breaking news, and other content you love.