Arab Today, arab today china inflation eases to 26 yearonyear
Last Updated : GMT 23:05:53
Arab Today, arab today
Arab Today, arab today

To boost world's number 2 economy

China inflation eases to 2.6% year-on-year

Arab Today, arab today

Arab Today, arab today China inflation eases to 2.6% year-on-year

Vendor counts money in a vegetable market in Shanghai
Shanghai - Arab Today

Vendor counts money in a vegetable market in Shanghai Chinese inflation slowed to 2.6 percent year-on-year in August, the National Bureau of Statistics said Monday, giving the government more room to unveil new measures to boost the world\'s number two economy. The rise in the consumer price index, a main gauge of inflation, was slightly lower than July\'s 2.7 percent.
In the first eight months of the year, the CPI rose 2.5 percent year-on-year, below both the government\'s 3.5 percent target for 2013 and a touch below the 2.6 percent seen in 2012.
\"The low CPI inflation means that the new government still has spacious room for bolstering growth via implementing a mini fiscal stimulus and avoiding monetary tightening, and the rising PPI inflation suggests the economy has been recovering,\" Bank of America Merrill Lynch economists said in a research note.
Authorities said food prices were the main driver of the August increase, with meat, egg and vegetable costs all going up, partly due to higher than average temperatures and lower rainfall, Yu Qiumei, a senior NBS analyst, said in a statement.
China\'s producer price index (PPI), which measures prices of goods at the factory gate, rose 0.1 percent in August from July, according to the NBS. It was the first increase in six months and came after five months of deflation.
\"The changes in PPI showed that... trends of the national economy stabilising and rebounding are becoming clear,\" said Yu.
The PPI fell 1.6 percent year-on-year in August, up from a 2.3 percent decrease in July and the highest reading in six months, NBS data showed.
The inflation figures followed a string of data in recent weeks indicating that the Chinese economy, a key driver of global growth, is showing signs of rebounding following a downtrend in the first half of the year.
The economy expanded 7.7 percent last year, the slowest since 1999.
In the final quarter of last year, growth accelerated to 7.9 percent, but has slowed in successive quarters to 7.7 percent in January-March and 7.5 percent in April-June.
But the world\'s largest exporter posted better sales last month with stronger-than-expected exports growth of 7.2 percent year-on-year to $190.6 billion as demand in overseas markets improved.
A measure of China\'s manufacturing activity also strengthened in August to its highest level in 16 months, with the closely watched official purchasing managers\' index (PMI) rising to 51.0 from 50.3 in July. A reading below 50 indicates contraction, while anything above signals expansion.
Another PMI measure released by HSBC rebounded to 50.1 in August, its first month of expansion since April.
Source: AFP

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china inflation eases to 26 yearonyear Arab Today, arab today china inflation eases to 26 yearonyear

 



Arab Today, arab today
Arab Today, arab today Nohan Seyam designs beautiful accessories

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today 11 family members dead in rebel push

GMT 07:57 2017 Tuesday ,21 February

11 family members dead in rebel push
Arab Today, arab today To probe sexual harassment claims

GMT 10:08 2017 Tuesday ,21 February

To probe sexual harassment claims

GMT 09:22 2017 Monday ,20 February

China's huge debt poses big headache for central bank

GMT 18:23 2017 Sunday ,19 February

Darwesh vows to provide job opportunities for youth

GMT 12:10 2017 Sunday ,19 February

Welcomes the F&B solution of the future

GMT 10:06 2017 Friday ,17 February

South Korea's Hanjin Shipping declared bankrupt

GMT 09:26 2017 Friday ,17 February

Samsung's history tainted by run-ins with the law

GMT 09:20 2017 Friday ,17 February

Samsung heir arrested in corruption probe

GMT 10:26 2017 Thursday ,16 February

Dollar, equities stutter in Asia after Trump rally
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today 57 monkeys carrying 'invasive' genes

GMT 16:00 2017 Tuesday ,21 February

57 monkeys carrying 'invasive' genes
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Ahmed Fahmy stresses he did not ignore singing

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 14:51 2017 Monday ,20 February

Ways to acquire presentation skills

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 16:08 2017 Wednesday ,15 February

Shawsh reveals her collection "Jewelry of dreams"
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday