CASS Institute of Finance: China entering the cycle of rising wages.

<P> Li Yang, director of the CASS Institute of Finance, yesterday at the "interest adjustment in the global macro-financial risks in China," the forum said that the long term, prices will definitely not happen in China's long-term inflation. .At the same time, he said, rising into the range of wages, future wages will continue to rise. .</ P> <P> Li Yang noted that China's current inflation is a structural increase. .From the investment and savings structure, China's savings rate is very high, the market is also larger than the total demand aggregate supply, so there is no inflationary pressure on the total. .Although the period of time, the structural imbalance will occur in some regions, leading to structural price rise, but no long-term inflation trend. .He also said that the current make up of the factors that structural price rise in wage costs and resource price reform. .He said that our country has entered a cycle of rising wages, which for the enterprises, wage costs rise in the coming years is inevitable. .However, he said, although this will cause long-term price pressure, but currently there is surplus labor in China, so the rise in wage costs impact on prices would be more moderate. .</ P> <P> for oil prices to the pressure of inflation in China, Li Yang believes that imported inflation increased business costs, but this is leading to rising oil prices, U.S. dollar depreciation against the backdrop of global inflation will .is a cycle. .Expected oil prices this year will be adjusted during the first half of next year, if oil prices reversed the upward pressure on prices of other goods will be reduced. .</ P>.