China's Chief Statistician Doesn't Believe Inflation Will Hit Country This Year

China’s head of the National Bureau of Statistics, Ma Jiantang, says there is no risk of inflation for the country in the remainder of this year, Reuters reported. In a press conference given today, Ma stated his objection to such a notion. The 12 months through the end of of May saw the Asian country’s consumer prices decline 1.4% with producer prices plummeting 10.4% in the same period.