China's consumer price inflation is forecast to be around 3 per cent in 2013, the price monitoring unit of the country's top economic planning agency, the National Development & Reform Commission, said on Monday.
For the first quarter, consumer prices are expected to rise around 2.8 per cent from the same period a year earlier, it said in remarks carried in the official China Securities Journal.
Last week, outgoing premier Wen Jiabao, speaking at the opening of the annual session of parliament, said China would target economic growth of 7.5 per cent and inflation at 3.5 per cent.
Yi Gang, vice governor of the People's Bank of China, said last week that inflation in China this year could touch 3 per cent, up from 2.6 per cent last year.
The country's annual inflation rate hit a 10-month high of 3.2 per cent in February, as holiday spending for the Lunar New Year drove food prices sharply higher, data showed last week.
* Reuters
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DMZ facts
- The DMZ was created as a buffer after the 1950-53 Korean War.
- It runs 248 kilometers across the Korean Peninsula and is 4km wide.
- The zone is jointly overseen by the US-led United Nations Command and North Korea.
- It is littered with an estimated 2 million mines, tank traps, razor wire fences and guard posts.
- Donald Trump and Kim Jong-Un met at a building in Panmunjom, where an armistice was signed to stop the Korean War.
- Panmunjom is 52km north of the Korean capital Seoul and 147km south of Pyongyang, North Korea’s capital.
- Former US president Bill Clinton visited Panmunjom in 1993, while Ronald Reagan visited the DMZ in 1983, George W. Bush in 2002 and Barack Obama visited a nearby military camp in 2012.
- Mr Trump planned to visit in November 2017, but heavy fog that prevented his helicopter from landing.
