China not in deflation: Premier Li   

李克強：并不是中國向世界輸出通縮 而是“被通縮”

李克強：關于通貨緊縮，國際上對這個提法有多種解釋，比較一致的就是說一個國家的物價總水平持續出現負增長。中國CPI或者說物價總水平1月份是正增長，2月份漲幅比1月份更高，所以不能說中國已經出現了通貨緊縮。 [查看全文]

China is not in a deflation, Premier Li Keqiang said at a press conference Sunday following the conclusion of China's annual parliamentary session. [Special coverage]

"I don't think there is a deflation in China," Li said, citing the country's inflation figures in the past two months, and referring to a major global criterion that defines deflation as consecutive negative growth of overall consumer prices.

China's consumer price index (CPI), the main gauge of inflation, quickened from the 0.8-percent gain in January to grow 1.4 percent year on year in February, official data showed.

Li stressed that China is not exporting deflation to other countries. On the contrary, he said "we are an receiving end of deflation."

The premier cited that China imported more volumes of crude oil and iron ore last year, with smaller total value, due to the tumbling commercial commodity prices.

"We are prepared to cope with such a situation," he said.

Li also expressed hopes to see a quicker global recovery.