Consumer price growth in China moderated slightly in January, the consumer price index (CPI) rising 1.5% year-on-year compared to 1.9% in December. It is the third consecutive month in which the index has risen. Fears abound that China’s rapid credit growth over the past year will drive up inflation and this is being felt most [...]
China’s consumer price index (CPI) dropped 1.4% in May from last year. The figure marked the fourth consecutive monthly decline and was dragged down mainly by non-food items, the National Bureau of Statistics said. The CPI fell by 0.9% year-on-year in the first five months of 2009, but May’s 1.4% decline was basically unchanged from [...]
China’s producer price index (PPI) rose 6.6% year-on-year in October, down sharply from 9.1% in September. Producer prices were up 8.2% for the 10 months to October compared with 8.3% for the nine months to September, according to the National Bureau of Statistics. A deceleration in producer prices was widely expected given the recent sharp [...]
A report by the official China Securities Journal forecasts China’s GDP growth rate in 2008 at 9.8%. The forecast growth rate is lower than the 9.9% growth rate posted in the first nine months of the year. Full-year consumer price growth is expected to hit 6.3%, up from 4.5% in the first three quarters, and [...]
