摘要
TO THE POINT:China’s economic figures for February indicated serious inflationary pressure with the consumer price index(CPI) surging 8.7 percent and the producer price index(PPI)jumping 6.6 percent,year on year.Though many repeatedly believed that prices would go down in the future,the fact that consumer goods continued to rise amid various countermeasures can no longer be ignored.The good news for the international market was that China’s trade surplus shrank over 60 percent in February year on year,a reward for the government’s efforts to rein in exports.In addition,China is determined to produce steel conglomerates to lift the country’s competence in the international market. By LIU
