date:Feb 05, 2013
d Lu Zhengwei, chief economist at Industrial Bank. It is because China's economic data in the past few months pointed to a mild recovery so that aggressive moves are unnecessary.
Lu projected the Consumer Price Index, the main gauge of inflation, to rise 1.8 percent annually last month as food prices and supply of vegetables returned to normal.
In December, vegetable prices surged 14.8 percent due to supply disruption amid the coldest weather in nearly 30 years.
The Producer Price Index, the