Arab Today, arab today china\s inflation slows
Last Updated : GMT 18:01:58
Arab Today, arab today
Arab Today, arab today

China\'s inflation slows

Arab Today, arab today

Arab Today, arab today China\'s inflation slows

Beijing - AFP

China\'s inflation slowed in June to its lowest rate since January 2010, official data showed on Monday, giving the government more room to move in its efforts to reboot the world\'s second-biggest economy. The country\'s consumer price index (CPI) rose by 2.2 percent year-on-year in June, the National Bureau of Statistics said, down from 3.0 percent in May and the lowest figure since the start of 2010. The inflation rate for the first half of 2012 was 3.3 percent, the bureau said, well below the government\'s target of 4.0 percent. The inflation figures were the latest in a series of data in recent weeks showing China\'s economy is slowing, and analysts said they would allow the government to act more aggressively in trying to revive growth.\\ \"The softening CPI will give the central bank more room to stabilise the economy,\" Tang Jianwei, a Shanghai-based economist with the Bank of Communications, told AFP. \"Before the central bank had to balance between inflationary pressures and softening demand.\" China\'s economy grew an annual 8.1 percent in the first quarter of 2012 -- its slowest pace in nearly three years. The government will release data for the second quarter on Friday. The government early this year set an annual economic growth target of 7.5 percent, down from expansion of 9.2 percent last year and 10.4 percent in 2010. But the central bank last week cut interest rates for the second time in a month, in a surprise move that analysts said indicated the economy was likely slowing more sharply than expected. Chinese Premier Wen Jiabao then called on Sunday for stronger economic growth measures. \"Currently, China\'s economy is generally stable, but downward pressure is still relatively big,\" the official Xinhua news agency quoted Wen as saying. \"We must take further steps to increase the strength of pre-emptive fine-tuning,\" he said, referring to economic policy. Analysts said inflation would likely fall further in the coming months, with deflation even a possibility. They pointed to China\'s producer price index, an advance indicator of future inflation, which fell 2.1 percent in June from the same month a year earlier, according to the statistics bureau\'s report on Monday. \"While an economy-wide generalised deflation is yet to be seen, the deflationary spiral looks to have started in some industrial sectors,\" said Ren Xianfang, chief China economist for IHS Global Insight in Beijing. \"Persistent deflation can be poisonous to the economy, which has already been manifested by continuous weakening of business profits.\" The deflation threat is a marked turnaround, with China\'s leaders working hard since the start of 2010 to keep inflation in check. Inflation peaked at 6.5 percent year-on-year in July last year, from a low of 1.5 percent in January, 2010. Bank of Communications\' Tang said the central bank may cut interest rates again this year. However he said more likely moves in the short term were up to three more cuts in the required reserve ratio, or the amount of money banks must hold in reserve, to inject more cash into the economy. \"There is still room for an interest cut by year end, but... the central bank will likely rely more on quantitative measures such as cuts in the required reserve ratio,\" Tang said. Food prices, which have been a key component of rising prices in China, were up 3.8 percent in June, while non-food prices rose 1.4 percent, according to the statistics bureau.

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\s inflation slows Arab Today, arab today china\s inflation slows

 



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 Top Yemen commander killed

GMT 09:55 2017 Wednesday ,22 February

Top Yemen commander killed
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 06:04 2017 Wednesday ,22 February

Hammond closes in on budget goal

GMT 05:34 2017 Wednesday ,22 February

Euro zone economy outlook shines

GMT 04:10 2017 Wednesday ,22 February

US stocks finish at another all-time high

GMT 02:31 2017 Wednesday ,22 February

Arms deals worth over AED6.9 bn sealed on day two of IDEX

GMT 02:21 2017 Wednesday ,22 February

Putin urges Russian nuclear weapons boost

GMT 21:14 2017 Tuesday ,21 February

Tatas will lead, not follow
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
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 Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries
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 Janat pleased for issuing 'Good Morning'

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing

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 14:06 2017 Friday ,17 February

London to tax old cars

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 05:15 2017 Tuesday ,21 February

Omega 3 can reduce asthma cases

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