China should get inflation under control and provide more investment channels, an official of a non-Communist party said Thursday at the ongoing two sessions.
"(Our country) must keep inflation within a reasonable range," Xu Hui, vice chairman of the Central Committee of the China Democratic League, was quoted as saying by the Xinhua News Agency at a meeting of the National Committee of the Chinese People's Political Consultative Conference Thursday.
Xu noted that considering increasing inflation, people are actually losing money if they choose to deposit their savings in banks.
"Rising inflation largely deters a healthy development of domestic consumption," said Xu, noting that considering the sluggish performance of stock markets, more investment channels are greatly needed.
According to data released by the National Bureau of Statistics, the consumer price index, a main gauge of inflation, rose 2.6 percent year-on-year in 2012.
But as the world's second largest economy began to show signs of an economic recovery, many analysts expressed their concern that there might be an inflation rebound this year, citing rising salaries, fuel prices, and food costs as potential factors.
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