China will not experience high inflation or deflation: central bank publication

Year-on-year falls in producer prices are expected to narrow as investment and consumption recovers in the second half of the year, it said. (Photo by Reuters)

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BEIJING (July 1): China will not experience high inflation or deflation as its economy is gradually recovering, the central bank said on Wednesday.

China’s consumer inflation is expected to ease on a quarterly basis this year, and chances of a rebound is not high, according to an article posted in a People’s Bank of China (PBOC) publication.

Year-on-year falls in producer prices are expected to narrow as investment and consumption recovers in the second half of the year, it said.