Rocketing global oil prices are eating away at the high-flying Chinese economy, provoking a slowdown that officials and analysts warn could lead to inflation, AFP reported.
"I have to admit that the rise in oil prices is having an impact on the Chinese economy," Zhu Zhixin, vice chairman of the National Development and Reform Commission, said at a business forum in Beijing last week.
They also estimate the consumer price index, its main measure of inflation, will jump two percentage points from around two percent now.

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法新社报道，全球飞速上升的油价正在吞噬高速发展的中国经济，官方和分析家警告说，引发的经济减速可能导致通货膨胀。
在上周北京的一次商务讨论会上，国家发展和改革委员会副主任朱之鑫说：“我必须承认油价的上升正在影响着中国经济。”
他们估计消费物价指数（这是通胀的主要衡量指标）将从现在的大约 2％ 上升 2 个百分点。