snuff, ""We expect CPI inflation to fall steadily after June to about 4.0 to 4.5 per cent at the end of the year, and then will stay there for a couple of years," he said."
Wow !! only 4%. Will that be the official rate I wonder.
At ~4% it's too high so it looks like China has a rooting inflation problem: easily stoked back to the boil.
Cunningly they put interest rates up last week so a "rate cut" this half is just a ploy.
I've got a way for the average Chinese to save a monza....give up pork and eat chicken.