Addressing a Forum on China's Macroeconomic Conditions and Macro Policies in Singapore, Zhang Liqun, an economist from the  wholesale handbag cheap brand bagsDevelopment Research Center, said he expected the inflation pressure resulting from surging food prices to start easing as supply increases. "Generally speaking, the food supply situation has been improving, whereas the demand is basically stable," he said. Tan Kong Yam, director of Asia Competitiveness Institute, the National University of Singapore, said  football jerseys for sale  pork prices accounted for as much as 3 percent of the total basket for the CPI in China. "A surge of 50 to 60 percent in pork price would mean a contribution of 1.7 percentage points to the consumer price index, " he noted.

The CPI in China would be 4.8 percent if the price of pork is excluded, meaning that the CPI has already started to ease, Tan said. "I think the fall of CPI may be sharper than expected when the pork price falls in six to 12 months," he said. The pork price began to surge in the second half of 2010, encouraging farmers to increase their stock.  wholesale brand hats  The number of pigs in stock has been increasing as of February, he said. Easing the inflation pressure would be a long and slow process, and experts presume that in August, CPI would be still high. China should still stick to a prudent monetary policy, the China Securities Journal quoted central bank advisor Xia Bin as saying last Wednesday.

High inflation is expected to stay for some time to come, most probably between 4 percent and 5.4 percent in 2011 and 2012, a team  wholesale brand bags  of economists from the Xiamen University in China and the National University of Singapore said in their latest forecasts on the China's economy released on Aug. 20 in Singapore. Measures to curb inflation. Xia said the moderate rise in the yuan's value can help control imported inflation, but relying solely on the yuan's appreciation to contain inflation is unrealistic. Under the current  wholesale brand shoes  economic situation, the government should also continue to accelerate diversifying the allocation of its foreign reserves and the yuan's "go-global" drive, Xia suggested.