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China bank regulator plays down inflation risks
China is very unlikely to experience serious inflation this year, according to China's top banking regulator. Beijing has enough "ideas and tool kits" to manage inflationary expectations, Liu Mingkang, chairman of the China Banking Regulatory Commission, told the official Xinhua news agency. "Don't get into too much of a panic or be afraid about inflation," Liu said. "China's CPI and PPI may rise slightly, but there's only a small chance that inflation will be more than moderate." China has targeted a 3 percent rise in consumer inflation for 2010. The Consumer Price Index and Producer Price Index for February are ... (full story)