Profile of Li Ming - DalianNews

The E&F(HcqaC)anAaxbOJM#JSMy32BvIrecent earthquake wikg+c(k4+!kRib1uNiW&kLXykztojNHgo7ll add to China's inccqYTdTUflationary pressure as the country is ba95OXcttling to contain rib%XPx+o3unusing prices, but the effect will be tempj5^BCZvq**h%F@PLm+7- x7PAlyHy1(zrVND5Zorary, said a centrayl bank research repop(fGS@)cAxX X8ZK+ho0%rVrt released Tuesday.6v38Vm-DnYmH2bG2uGQeko

Meanwhile, the Chinese economy w7JiM6u)Wj-IeX2tTbU!-$Gaaw*ill not suffer a "hard landing" as feared by some economistsm1&bRD-Yw(nC4$@ie^sv5mJ%n)U8, making it unnecess^Hary to relax the current tight monetary policy, according to the report compiled by the research unit of the People's Bank of China.

mYmS3!z(T13#v33idoThe May 12 earthquakPIQ#z(fZDAh+w@(Oo$PHhe that hit Sichuan and its neighboring r4o&9J&v#kAQuT1i199JN#%Xvz1TDfoegions has killed neIU1f!oL!HSFZUarly 70,000 and caused massive damage, bI(VpLmkK@4ut it would not derajiil the general trend of the economy towa-FzCY$9h)N YMIDcmrd more stable growth, according to the report.

"It would push up the growth of fixed-asset iJnvestment in the post-quake reconstructiHon and increase the $VVdozh6O(cD7@z67NjJJ)tqfshort-term inflation@3w PEary pressure," it saw6&3wX5VgZIPHdVid.

China's rSQ1q#V)&N)mL2wwAp5Y1L80f&UI0!RbUoaring economy is beVsDyxCv#yLLwTV9a!d00&(^(Uvt(UG#SUzheCginning to stabilizeiz$k)N6r*tt&dt7(v*yTu )XicNjN^h^9k, although surging demand for some commodities following last month's disastrous earthquake will addBzwkp to inflationary prezDJsbWCbe08aZqcqO)55wbOU9Nssures, the research report said.

It noted that the value of economic outXrS5HBL0k3ZKMe7C(OSoSZH &Aput in the region affected by the disastcwer is only 0.25 percent of the national total.

The daSGBy!7KjMey+XHpymage to the industri-*oh-cdxPddvwSFiQ4@0qNFvbiWIyO9!al and agricultural c2hYgr^GAY*wVI))0uSJ+&T2n0@K9Rc)production in the earthquake-hit areas, Uas well as the demanDk1rE!SUY mAGaZYRoz9qNuOG$ad for food and daily%%*uYzq%j31cq!F*c o#ar2%pY#0L7 necessities from ths-Vapt8Z3aJ2jECEQDis region will put nvHAL3!7O1F69J4iWT%b6FME*qew pressure on consu&+26lWYYv6zfQQQFy-Lmer price. But the report, which cites eg6Gcu3C5fvvIMxamples of Japan following major earthquXLTILo90RtLN-j(akes, said that the NRHmuQzb6(g*Zwon0u0VMTimpact of earthquakeIxxS!q7(LIb$mYVUL!VX7eqNQ@s on the consumer prS%ggOQ!!L1h9ice index will only t!N%*GuwY-CwV9Ra*$D1qLbe felt in the short term, and there wila0scm!E05 FZ9oGDfhi+LXFE1l not be any significant influence in th+0v8gP%!ydJe long run.

B1MST)gpG@xN#44CqSO3@8$qxSp*jQRw5-RZuG*aut reconstruction istnCgYN+ fueling higher demand for cement, steelAyf3s$)$UlgVph RF#Zvz58@ fKH and other materialsMtrCI&ij#1JGggC+k-X and will likely add to inflationary prez0+un)$WgFi$yNAVvVssures, it said.

"Inflationary pressures remain the bwiggest risk in the ebehnpunkFo*B9boconomy. Curbing price rises remains the Wuy@l^I+%b+QJ153KyPle%TkT5GLgovernment's key tascHZmlqgI%77JmFxMAZ(oaiwn&yVY^!&%DPrPixhk," said the report.b&lyjJ

Causes for the inflationary presssure include rising H&Wc4fvr2lMGnzWiuvv)^^l9M-KEP&8Vd!kkraw material costs awo0TUWW*h-SZGNzRTDpKw4B&l$Skicnd food prices. Pric&ZoP*9%l4rbYqeJIBqa2W(Xr-uLHvCe of oil and other primary products in toHqAd#SDXFhe international marL7dljket is increasing. At home, processed oiGul and electricity are faced price pressuPnres.

China's K@k0W4ggQJRva*inflation rate has h%gozQk7CnpJJDRTkxHrXLy1((overed around a 12-year high in recent myBpRJCYJr-sCSK0Ja42Rponths, with inflatioH1qCm3mqw+RHOOQ$tM0M6IbE3gZ2N%n in April at 8.5 peO3&zrcent.

According to the Ministry of Commerce, food pr*L%)8$R9&ices fell 0.7 percenNbV5xbMzg$le@FRoR%bt last week, the eighth straight week of8DTAW^w%b7M0PIEiRmj22S12eeSEtf1 decline. Despite su5tdyD$zE!X3oF5gJwED+qsnADTch data and recent f)ekkGworecasts suggesting mpCll*lYOLL@ QpAuODrH+!-the rise in the cons6GabQ5SSfJSCO$P$tPoRgYf)dmx6&FelQnFAumer price index in May could be below 8 percent, the report%A$M9)$fR noted a continued nQET3mNM%Xeed to rein in investment and prevent a rebound in excess lending.