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 January inflation cools to 0.8%

(Xinhua) Updated: 2015-02-10 10:25

China January inflation cools to 0.8%

BEIJING - China's consumer price index, a main gauge of inflation, grew 0.8 percent year on year in January, the slowest rise in more than five years, the National Bureau of Statistics announced Tuesday.

Food prices, which account for nearly one-third of weighting in China's CPI, increased 1.1 percent year on year. On a monthly basis, consumer prices in January edged up 0.3 percent.

The NBS attributed the tempering growth to retreating food prices due to warmer weather during the period. A bigger comparison base last year, and global oil prices also helped drag down the price levels.

Meanwhile, China's producer price index (PPI), which measures wholesale inflation, plunged 4.3 percent year on year in January, marking the 35th straight month of decline, pointing to continued weak market demand.

China's economy grew 7.4 percent in 2014, the weakest annual expansion in 24 years, and a string of economic indicators for the new year, including manufacturing and trade data, all suggested continued weakness.

In the latest move to support growth, the central bank last week decided to lower reserve requirement ratio (RRR), the minimum level of reserves banks must hold, by 50 basis points from Feb 5, the first universal RRR cut since May 2012.

Related story: Trade numbers take big hit in January, by Zhong Nan, China Daily

China's foreign trade stumbled by 10.8 percent to 2.09 trillion yuan ($341 billion) on a year-on-year basis in January, pushing the country to accelerate the pace of restructuring.

The country's exports slid 3.2 percent to 1.23 trillion yuan and imports slumped 19.7 percent to 860 billion yuan, expanding the trade surplus by 87.5 percent to 366.9 billion yuan, according to General Administration of Customs data released on Sunday.

The sharp import decline was led by a drop in foreign commodities as coal tumbled by nearly 53.2 percent, refined oil dropped by 37.6 percent and steel slid by 14.7 percent from the same month a year earlier.

"The weak manufacturing activities and a bearish housing market have caused domestic demand for commodities including refined oil, industrial metals and plastics to decline," said Zhao Zhongxiu, a trade professor at the University of International Business and Economics in Beijing.

Zhao said the trade surplus, combined with a downturn in exports and imports, complicates the government's management of exchange rates after January's depreciation.

Exports fell by 4.4 percent to the European Union, 10.9 percent to China's Hong Kong region and 20.4 percent to Japan. Shipments to Russia plunged 42.1 percent.

"Even though the People's Bank of China, the central bank, so far has responded to the weakness by cutting interest rates and the amount of reserves banks must hold back when lending, the measures were only seen as holding the line," said He Jingtong, a professor of international trade at Nankai University in Tianjin.

He said policymakers should introduce more easing policies to reinvigorate growth.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 久章草在线视频 | 久久香蕉国产线看观看式 | 国产第一页久久亚洲欧美国产 | 亚洲日本在线观看 | 久久亚洲精品23p | 丁香伊人五月综合激激激 | 9久9久热精品视频在线观看 | 中文字幕亚洲一区二区va在线 | 免费国产成人高清在线看软件 | 男人干女人逼 | 免费观看性欧美毛片 | 欧美人成人亚洲专区中文字幕 | 色青青草原桃花久久综合 | 一级毛片欧美大片 | 99精选视频 | 亚洲欧美偷拍自拍 | 玖玖精品在线观看 | 手机看片国产日韩 | 一级欧美一级日韩 | 99re热这里只有精品视频 | 欧美在线看欧美高清视频免费 | 欧美性视频xxxxxxxx | 1769视频在线观看国产 | 精品三级网站 | 日本不卡一区视频 | 俄罗斯aa毛片极品 | 国产精品2020观看久久 | 欧洲一级鲁丝片免费 | 午夜毛片免费观看视频 | 国产性夜夜春夜夜爽30 | 九九九免费视频 | 一级真人毛片 | 二区在线观看 | 国产精品免费视频一区 | 青青热在线精品视频免费 | 男人的天堂高清在线观看 | 深夜福利爽爽爽动态图 | 特级做a爰片毛片免费看 | 国产久草在线 | 色综合久久综合 | 午夜在线观看视频免费 成人 |