Chair of China's state planner says conditions favour achieving CPI target this year

The National Development and Reform Commission of the People's Republic of China (NDRC)

Comments from He Lifeng, formerly a vice chairman of the NDRC but now the boss

• China has many favourable conditions to achieve its consumer inflation target this year
• Says pressure from imported price rises in commodity, especially oil prices, could increase this year
• Will ensure basically stable prices this year
• China will deepen price reforms this year

Headlines via Reuters