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Japan's reconstruction may fuel China's inflation

2011-3-22

Japan's reconstruction may fuel China's inflation

A vegetable market in Nanjing, Jiangsu province. The World Bank said on Monday that China is still facing heavy inflationary pressure. [Photo / China Daily]

BEIJING - The rising price of oil, gas and other commodities, because of rising demand as reconstruction work begins in Japan, will keep China's inflationary pressure at a high level, World Bank economists said on Monday.

"Japan's demand for commodities in the aftermath of the recent disasters will add to the already high-level of demand for commodities," said Vikram Nehru, the bank's chief economist for the East Asia and Pacific region.

Source:China Daily
 
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