They also said the central bank should deal with the monetary tightening in a more flexible way to prevent a drastic economic cool-down.
Zhang Xiaojing, a researcher with the Chinese Academy of Social Sciences, estimated CPI growth would decelerate in the latter half of this year, as food prices which had pushed up CPI would drop as the severe drought in south China was over. He also expected CPI growth to peak in June.
Guo Tianyong, a professor with the Central China Finance University, said the economic growth would not slow to below the target of 8 percent.
"It is too early to talk about relaxing the monetary policy before inflation is fundamentally curbed," Guo said.
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China to continue prudent monetary policy: central bank
BEIJING, June 3 (Xinhua) -- The People's Bank of China, the country's central bank, reiterated Friday it would continue to implement a prudent monetary policy this year.
The central bank will measure the financial sector's support for the country's economy by the indicator -- total social financing, it said in an abstract of 2011 China Financial Stability Report posted on its website on Friday. Full story
Special Report: China's economic figures in May 2011
Special Report: Will interest rate hike come soon?
