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China Facing Inflation Risk


A top Chinese official says the country remains at risk for more inflation because of rising oil and raw material costs.

The director of China's National Bureau of Statistics, Li Deshui, says strong demand will also play a role in pressuring consumer prices upward.

Mr. Li's comments were reported in state media Monday and echo recent statements from other top economic planners.

Last week China increased a key interest rate in an effort to slow economic growth. The rate hike is the latest in a series of steps intended to curb investment - especially in the areas of property, steel and cement.

Some information for this report provided by AP, AFP and Reuters.

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