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NDRC downplays inflation fears

CCTV.com

04-11-2016 16:58 BJT

The National Development and Reform Commission says pork prices will remain high in China this year but will not become exorbitant.

The commission said Sunday that the latest round of price hikes resulted from low prices in previous years.

Prices have been increasing for about a year after almost three years of declines. Pork prices in China are subject to a boom-and-bust cycle and the supply-demand relationship is expected to ease in September.

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