Deflation alert in China, central bank lowers estimates
(AGI) Beijing, June 12 - The threat of deflation is looming inChina. Economists of the People's Bank of China, the country'scentral bank, have revised down the inflation estimates forthis year from a forecast 2.2 percent, lower than the 3 percentceiling established by the government, to 1.4 percent. Theopinion of experts, which is confirmed on the Bank of China'swebsite, does not coincide with the official opinion of centralbank governed by Zhou Xiaochuan, although it is a signal foranalysts that China will need further monetary easing measuresduring the next few months, while awaiting