NEW YORK, Jan. 11, 2011 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
"The past is never dead. In fact, it's even not past." Owing to the monetary easing policy adopted after financial crisis 2008, domestic inflation has started to affect almost all industries in China, including corn products. In order to combat the inflation, the statement from the economic work conference reveals that China's money and credit policy next year will be "prudent," rather than the "moderately loose" approach it has been employing this year, like higher interest rates and tighter credit.
However, China's government says it will raise its inflation target for 2011 to 4% from this year's 3%, which is viewed as a sign that the government has raised its tolerance level for inflation, and, implicitly, would not tighten as aggressively as it would otherwise. Thus, it's believed that the inflation will maintain the effect next year, and the prices of most corn products may still stay at the high level in the first couple months in 2011.
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