consumer price index<\/a> (CPI), a key gauge of inflation, has remained below its official target of 2 per cent in recent years, he noted, speaking at a media briefing in Beijing on Tuesday.<\/p>\n\u201cRelatively, we have a certain degree of room to absorb or accept imported inflationary pressures,\u201d said Huang, who is also the dean of Peking University\u2019s National School of Development, though he noted that the scale of imported inflationary pressure remains contingent on the length and severity of the conflict.<\/p>\n
\u201cWhat I am most worried about is that the rise in energy prices will hit companies\u2019 profitability,\u201d Huang added. \u201cSuch a squeeze would be very detrimental to the real economy.\u201d<\/p>\n
Economies around the world are bracing for an inflationary shock. The US-Israel conflict with Iran \u2013 now in its fifth week \u2013 has not only sent global energy prices soaring, but has also driven up costs for key industrial inputs, including chemicals and metals.<\/p>\n
Meanwhile, China has been grappling with deflationary pressures in recent years, amid weak domestic demand and entrenched oversupply that have weighed on prices.<\/p>\n","protected":false},"excerpt":{"rendered":"China has sufficient leeway to cope with imported inflationary shocks from Middle East instability, a monetary-policy adviser to…\n","protected":false},"author":2,"featured_media":368289,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[5560,114,1657,1971,184,66444,139713,85,46,47,16643,56284,3379,17460,171287],"class_list":{"0":"post-368288","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-beijing","9":"tag-business","10":"tag-china","11":"tag-cpi","12":"tag-economy","13":"tag-huang-yiping","14":"tag-huo-lihui","15":"tag-il","16":"tag-israel","17":"tag-middle-east","18":"tag-national-bureau-of-statistics","19":"tag-pboc","20":"tag-peking-university","21":"tag-peoples-bank-of-china","22":"tag-us-israel-conflict"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/368288","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=368288"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/368288\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/368289"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=368288"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=368288"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=368288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}