Press:China May Set 4% CPI Target In 2011; Set Prudent MonPol

BEIJING (MNI) - China is likely to raise its inflation target for 2011 to 4%, the China Business News reported Wednesday, citing an unidentified source.Moreover, the government will pursue a "prudent" monetary policy, formally moving away from the "appropriately loose" policy adopted in late 2008 in reaction to the global financial crisis, the paper also said.The inflation target is usually