China’s statistical authority said the foundation for domestic price stability
has not changed, according to remarks by Wang Guanhua, deputy head of the
National Bureau of Statistics’ comprehensive statistics department, at a State
Council briefing, Securities Times reported.
He said consumer prices in April rose moderately, with fluctuations in
international crude oil having only a limited impact on domestic fuel prices and
showing a relatively clear structural effect concentrated in specific
categories.
Wang added that future volatility in global oil prices is inevitable and will
affect domestic prices to some extent, but China’s ample supply of goods and
services, strong energy security, stable industrial and supply chains, and
smooth logistics system will continue to support price stability.
