Central Bank Signals Worry on China Prices

Article Excerpt

BY AARON BACK
People’s Bank of China Gov. Zhou Xiaochuan Wednesday signaled elevated concern over inflation and a slightly tighter bias for central-bank policy this year.
Inflation was subdued in China for most of 2012, but with economic growth rebounding since late last year, concerns over rising prices are coming back to the forefront.
China’s consumer-price index in February was up 3.2% from a year earlier, accelerating from January’s 2% pace. That signals the central bank must be on guard against inflation, Mr. Zhou said—though he said that …
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