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 / Macro

China's inflation slows to 2.6% in August

(English.news.cn) Updated: 2013-09-09 10:00

BEIJING -- China's consumer price index, a main gauge of inflation, rose 2.6 percent year-on-year in August, down from 2.7 percent in July, the National Bureau of Statistics (NBS) said on Monday.

The country's consumer inflation has stayed between 2 percent and 3.2 percent this year, well below the government's full-year target of 3.5 percent.

China's inflation slows to 2.6% in August

Last month, food prices rose 4.7 percent year-on-year, while prices of non-food products were up 1.5 percent, the NBS said in a statement on its website.

Niu Li, an expert with the State Information Center, attributed the slight drop mainly to a weakening carryover effect, as last August's inflation was slightly higher than that of July.

The bureau estimated that the carryover effect dropped 0.7 percentage points from July to 1.1 percent in August.

The data also showed China's producer price index, which measures inflation at the wholesale level, fell 1.6 percent in August from the same month last year.

China's economy has been stuck in a protracted weak recovery, easing to 7.5-percent growth in the second quarter of 2013 from 7.7 percent in the first three months and 7.9 percent in the final quarter of 2012.

The country's purchasing managers' index for the manufacturing sector rose to 51 percent in August, the highest level this year.

Niu said the present low prices offer ample room for the country's monetary policies and allow the country to take flexible pro-growth measures.

Wang Xiaoguang, an expert with the Chinese Academy of Governance, also said that steady consumer inflation will help stabilize the macroeconomic environment for China.

As the country's CPI has stayed in a low range for about two years, companies are likely to have a positive outlook for future development, Wang said.

"Steady prices will help improve the profitability of companies and allow them to make plans for long-term production and investment," he explained.

By midday on Monday, Chinese stocks had surged more than 2 percent due to the positive signals from the NBS data.

The benchmark Shanghai Composite Index leapt 3.39 percent to finish at 2,212.52. The Shenzhen Component Index gained 2.71 percent to finish at 8,504.74.

China will not face much inflation pressures in the short term, especially if food prices do not witness rapid increases, Wang said.

Inflation is likely to stay at around 2.5 percent until the end of the year and it will definitely stay below the government's target of 3.5 percent, he said.

Wang believes the country's inflation will enter a rising cycle next year, but prices will not see noticeable rises if economic growth fails to pick up.

Moody's Analytics said in a statement that looking beneath the numbers, there are signs that inflation pressures are building, citing a series of upbeat economic figures.

These include the increase in industrial production in July, and the recovery in manufacturing sentiment and the acceleration in exports in August. Commodity prices, especially for crude oil, are picking up and will push up producer costs, the statement said.

These factors suggest that the government will not loosen monetary policy further, according to Moody's.

Liu Ligang, chief Greater China economist at ANZ Banking Group, said the country's inflation is well within control.

He forecast that it will be hard for the country to see monthly CPI of more than 3 percent later this year, and inflation for the whole year will stay at around 2.5 percent.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 国产自产自拍 | 高清在线一区二区三区亚洲综合 | 国产亚洲欧美在线人成aaaa | 亚洲国产夜色在线观看 | 亚洲精品国产精品国自产网站 | 两性免费视频 | 亚洲一区二区三区成人 | 国产精品9 | 日韩欧美精品在线观看 | 精品国产三级a∨在线 | 亚洲日本高清成人aⅴ片 | 久久成人国产精品免费 | 亚洲视频一区二区三区 | 国产精品爱久久久久久久小 | 亚洲国产爱久久全部精品 | 亚洲日本va午夜中文字幕 | 日本一级毛片中文字幕 | 亚洲精品日韩中文字幕久久久 | 国产三级a三级三级 | 鲁老汉精品视频在线观看 | 午夜宅男在线永久免费观看网 | 日韩18在线观看地址 | 7777在线| 日韩视频免费一区二区三区 | 国产成人精品三级91在线影院 | 国产一区二区免费在线 | 香蕉久 | 国产一区二区免费不卡在线播放 | 国产超薄肉色丝袜足j | 亚洲视频男人的天堂 | 成人a级高清视频在线观看 成人a毛片 | 免费一级毛片在线播放视频 | 久久免费播放视频 | 欧美极品在线视频 | 看全色黄大色黄大片女图片 | 成人 在线欧美亚洲 | 2022国内精品免费福利视频 | 国产高清一区二区三区免费视频 | 久久免费黄色 | 日本aaa视频 | 日本精品视频一视频高清 |