www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Economy

Low inflation marks weak growth

By Xin Zhiming (China Daily) Updated: 2016-08-10 08:26

Factory prices fall 1.7 percent from a year ago; expert calls for further monetary policy support

Inflation remained low in July, with a slight drop in factory prices, indicating that economic growth remains weak and the country still needs to relax its monetary policy to help the corporate sector and jazz up economic activity, analysts said.

The consumer price index rose 1.8 percent in July from a year earlier, compared with 1.9 percent in June, according to the National Bureau of Statistics on Tuesday. It matched with the January reading, the lowest this year.

Low inflation marks weak growth

Consumer inflation has remained well below China's target of around 3 percent in 2016, despite concerns that severe summer flooding, which has disrupted public infrastructure and agricultural production, would increase inflationary pressures.

Food prices rose by 3.3 percent in July, compared with 4.6 percent in June. Pork prices rose by 16.1 percent, down sharply from a 30.1 percent increase in June, as demand cooled.

Vegetable prices dropped by 4.3 percent year-on-year in July, indicating that the seasonal floods hitting many parts of the country this summer did not disrupt normal vegetable supplies, said Liu Dongliang, an analyst at China Merchants Bank.

The producer price index, which gauges factory-gate prices, fell 1.7 percent in July year-on-year, compared with a fall of 2.6 percent in June, the NBS said.

Economists generally predicted that the PPI may turn positive this year for the first time in more than four years.

"It could happen by the end of this year and the whole-year PPI reading may be minus 2.4 percent," said Lian Ping, chief economist at Bank of Communications.

Low consumer price inflation allows policymakers some room to loosen monetary policy in order to boost growth, but they seem to be divided over the necessity of taking such a move for fear of further pushing up asset bubbles and causing more debt problems.

"Despite the slight improvement in the price situation, growth-stabilizing policies should continue to be rolled out, given the heavy economic downturn pressure, weak private sector confidence, cooling real estate market and sluggish foreign demand," said Qu Hongbin, chief economist of HSBC Greater China.

The corporate sector still needs the boost from looser monetary policy and there is a growing possibility of a cut in the required reserve ratio, or the proportion of money commercial banks are required to hold as reserves, Liu said.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 久久综合婷婷 | 日韩乱码视频 | 久久久亚洲欧美综合 | 91免费视频版 | 日产一区两区三区 | 国产精品理论片在线观看 | 国产精品一区伦免视频播放 | 久草在线免费资源站 | 三级三级三级全黄 | 午夜两性试爱视频免费 | 久草福利资源在线观看 | 国产成人亚洲综合欧美一部 | 高清视频 一区二区三区四区 | 亚洲三级a | 毛片搜索| 国产亚洲欧洲精品 | 久久久久久久久久久大尺度免费视频 | 酒色成人 | 香港a毛片免费全部播放 | 男女视频在线观看 | 欧美生活片在线 | 国产乱码一区二区三区四川人 | 亚洲精品专区一区二区欧美 | 久久凹凸 | 国产成人一区二区三区高清 | 久久免费在线视频 | 精品手机在线视频 | 亚洲网美女 | 亚洲成人黄色在线 | 亚洲理论视频 | 大片在线播放日本一级毛片 | 麻豆国产视频 | 亚洲伊人色综合网站亚洲伊人 | 日韩欧美色综合 | 国产精品午夜性视频 | 国产成人精品久久一区二区三区 | 美女张开腿让男生桶出水 | 久草热久 | 成人在免费观看视频国产 | 一级一片免费看 | 亚洲午夜片|