The high inflation was caused by the seasonal impact, but it also reflected the underlying inflationary pressure from rents. |
There's a need for the government to maintain social stability in the community and there's a need for higher welfare payments, partly because of higher inflation we've seen in the last year or two and the growing needs of the elderly. |
They have been doing a lot of domestic traveling in the last couple of years and they are very willing to come out and spend and enjoy themselves. |
This growth rate is above market expectations. |
We're seeing inflationary pressure continue to ease in China, largely on the back of food prices, and I think the discussion going forward is that we would see a low inflation environment and maybe a hint of deflation as well. |
What we could see would be companies that stop using their own diesel generators and buy from official suppliers. |