With November’s consumer price index (CPI) growing at a staggering 5.1 percent, economic analysts are increasingly concerned about runaway inflation and excess liquidity in the Chinese market. Gu Shengzu, a member of the Standing Committee of the National People’s Congress and a renowned economist, pointed out it is the disordered flow of large-scale private capital that pushes up consumer prices and adds to worries about inflation. Gu offered suggestions on how to address the problem at a seminar on financial and strategic emerging industries recently held in Beijing. Edited excerpts follow:
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