Arab Today, arab today china inflation slows to nearly threeyear low
Last Updated : GMT 06:51:55
Arab Today, arab today
Arab Today, arab today

China inflation slows to nearly three-year low

Arab Today, arab today

Arab Today, arab today China inflation slows to nearly three-year low

Beijing - AFP

China\'s inflation rate slipped to a nearly three-year low in October, according to the latest official data, leaving the authorities with room to take more steps to boost the recovery in the world\'s second-largest economy. The country\'s consumer price index rose 1.7 percent year-on-year last month, the National Bureau of Statistics announced, compared with an increase of 1.9 percent in September. The figure marked the sixth month out of the last seven that consumer inflation has slowed and marked the lowest since 1.5 percent recorded in January 2010. The result compares with a median 1.9 percent forecast for October in a survey of 12 economists by Dow Jones Newswires. The data comes as China\'s economy grew 7.4 percent in the three months through the end of September for its weakest performance in more than three years and the seventh straight quarter of slowing expansion. Still, recent statistics, including manufacturing, trade and industrial output, have led to optimism among economists that the worst of China\'s slowdown may be over. Sun Junwei, Beijing-based China economist for British bank HSBC, said that Friday\'s data shows \"inflation is well-behaved and overall inflationary risk may remain low in the short term. \"This will give room for the central bank to maintain relatively loose monetary and fiscal policies to strengthen the initial economic recovery.\" Chinese authorities have taken steps to boost economic growth by cutting interest rates twice in less than a month earlier this year and have also reduced the amount of funds banks must keep in reserve three times since December last year in bids to encourage lending. Producer prices -- which measure the costs of goods as they leave factories, and are seen as a leading indicator of price trends -- remained in deflation, declining 2.8 percent in October, NBS data showed. While that marked the eighth straight month of year-on-year contraction, it came at a weaker pace. Producer prices had fallen 3.6 percent in September. IHS Global Insight economists Ren Xianfang and Alistair Thornton said that the improved producer price data could be taken as a positive sign. \"There are inklings of demand resurgence in PPI,\" they wrote in a commentary, with the month-on-month figure rising 0.2 percent and \"escaping deflation for the first time since April\". \"It will be a few months before we see a return to PPI inflation, though -- industrial profitability is still suffering, and many upstream sectors are still plagued with overcapacity and inventory build-up.\" China is scheduled to announce industrial production, retail sales and fixed asset investment figures for October later Friday.

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 slows to nearly threeyear low Arab Today, arab today china inflation slows to nearly threeyear low

 



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 slows to nearly threeyear low Arab Today, arab today china inflation slows to nearly threeyear low

 



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 Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today Sally Shaheen considers hosting a political show
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
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