But claims that China is overheating don’t seem to be based on observations of inflation. While China’s consumer price index rose 5.3% in the year ending in July 2004, this was due primarily to a spike in food prices; both before and since, inflation has been negligible.
但中国经济过热的说法似乎并不是以对通货膨胀的观察为依据的。尽管2004年7月结束的财政年度里中国的消费价格指数上涨了5.3%，但造成上涨的主要原因是食品价格居高不下，而无论此前还是此后，通货膨胀都小到可以忽略不计。