Fri,Aug 2,2013
86-year glorious history of Chinese PLA
Damages caused by rainstorm in NW China
Ancient city Luoyang of Sui and Tang Dynasties
DPRK top leader mourns fallen Chinese fighters in Korean War
Southern China wilts under heat wave
Beautiful sunrise in Taiwan
Syrian army regains strategic district in Homs province
Xiaomi shifts into low end of mobile sector
Sun Yang wins gold medal of men's 800m freestyle
China's top economic planner said Thursday that the country will keep the price level "basically stable" in the second half of this year while deepening market-oriented pricing reforms.
In the second half, China will not relax in its task of keeping the general price level basically stable, according to an article published on the website of the National Development and Reform Commission (NDRC).
The commission will strengthen price monitoring and manage inflation expectations well, in order to ensure the expected goal of macro economic control, according to the unnamed NDRC official who penned the article.
China targets 3.5-percent growth in the Consumer Price Index (CPI), a main gauge of inflation, for the whole year of 2013. The latest official data show that the CPI grew 2.4 percent year on year in the first half of the year, leaving room for economic rebalancing.
In the second half of the year, the commission will unswervingly insist on market-oriented pricing reforms, with a focus on improving the price formation mechanisms for resource products, according to the article.
Meanwhile, China has kicked off a spate of reforms in various economic sectors in an effort to make its economy more vigorous and sustainable, including delegating administrative power to lower levels and easing controls in the financial sector.
APF officers and men in actual-combat drill
192nd Anniv. of Peru's Independence
Man commits suicide, rescued by his wife
Luoyang 5A Longtan Canyon Scenery Area
Two gold-backed ETFs launched in Shanghai
Barcelona World Championships Day|Week|Month
