A range of policies have been introduced aimed at curbing inflation.
The government's primary responsibility is to maintain monetary stability by curbing inflation.
The chancellor of the exchequer declared that rising unemployment is a "price to pay" for curbing inflation.
The World Bank in its China Quarterly Update argues that in the short run the benefits of price controls in curbing inflation expectations may outweigh the detrimental effects.
Now the "short cycle," aimed at curbing inflationary pressures and asset bubbles, is set to overtake the "long cycle," aimed at allowing party leaders to shore up their power.
