Arab Today, arab today china inflation eases may cut rates
Last Updated : GMT 18:19:32
Arab Today, arab today
Arab Today, arab today

China inflation eases, may cut rates

Arab Today, arab today

Arab Today, arab today China inflation eases, may cut rates

Chile - Arabstoday

China’s growth in factory output fell to a three-year low in July and retail sales weakened, suggesting Beijing might need to launch more stimulus efforts to reverse a painful slowdown in the world’s second-largest economy. Inflation eased further, giving Beijing more room to cut interest rates or boost spending. Growth in industrial production weakened to 9.2 per cent over a year earlier from June’s 9.5 per cent, its lowest rate since May 2009, data showed on Thursday. Retail sales growth slowed to 13.1 per cent from the previous month’s 13.7 per cent. “The authorities continue to struggle in reviving growth,” said IHS Global Insight analyst Alistair Thornton in a report. “The government needs to transform its current stimulus push into a stimulus punch.” Analysts expect growth to rebound later this year after it fell to a three-year low in the latest quarter. But they say any recovery from China’s deepest slump since the 2008 global crisis will be too sluggish to revive a slowing global economy. The slowdown raises the threat of job losses and possible unrest as the ruling Communist Party tries to enforce calm ahead of a once-a-decade handover of power to younger leaders. The government has cut interest rates twice since the start of June and is pumping money into the economy through more spending on building public works. But it is moving cautiously after its huge stimulus in 2008 crisis ignited inflation and a wasteful building boom. The unexpectedly weak factory output figures suggest a recovery might delayed until the final quarter of the year, said Alaistair Chan of Moody’s Analytics. “The slowdown was broad-based, ranging from autos to electrical machinery to ferrous metal smelting,” Chan said in a report. “The numbers suggest that the production cycle is still in a decelerating phase.” Politically sensitive consumer prices rose 1.8 per cent, down from the previous month’s 2.2 per cent and well below last year’s highs. That was driven by a 2.4 per cent rise in food costs. That gives the government more room to cut interest rates again or step up spending with less risk of igniting a new price spike. From:Gulftoday  

arabstoday
arabstoday

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 may cut rates Arab Today, arab today china inflation eases may cut rates

 



Arab Today, arab today

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 may cut rates Arab Today, arab today china inflation eases may cut rates

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
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