Arab Today, arab today china september inflation slows slightly to 61
Last Updated : GMT 19:58:31
Arab Today, arab today
Arab Today, arab today

China September inflation slows slightly to 6.1%

Arab Today, arab today

Arab Today, arab today China September inflation slows slightly to 6.1%

Shanghai - AFP

China\'s consumer price index rose 6.1 percent in September from a year earlier, according to the government, slowing marginally from an annual rise of 6.2 percent in August. Stubbornly high inflation persisted despite government moves to rein in soaring food and housing prices, which Beijing fears could cause social unrest as citizens face higher living costs. Inflation hit a more than three-year high of 6.5 percent in July. China has already implemented a number of policies over the past year to try to slow the rise in prices, including restricting the amount of money banks can lend and hiking interest rates five times since October last year. \"This confirms inflation is following a downward trend in the fourth quarter. But in the long term, inflation will stay at high levels,\" Zhang Zhiwei, Hong Kong-based economist with Nomura Securities, told AFP on Friday. The slight slowdown in inflation in September is unlikely to convince the government to radically loosen its tight credit policy, at least in the short-term, analysts said. \"Tightening of monetary policy and growth moderation have ensured that inflation is now in retreat,\" Alistair Thornton, China analyst at Global Economics, said in a report. But he added: \"For the moment, we remain in policy stasis -- no more tightening, but no real loosening.\" The key food component of inflation rose 13.4 percent year-on-year in September, unchanged from the August level, the National Bureau of Statistics said in a statement. Chinese Premier Wen Jiabao said just last month that he \"cannot relax\" due to soaring prices in China that have led to steep rises in the cost of food, as he vowed to step up the fight against inflation. Food prices are of particular concern, as they affect the daily lives of everyone in the country, with foodstuffs accounting for more than one-third of the monthly spending of the average Chinese consumer. However, the producer price index -- a measure of inflation at the wholesale level -- rose 6.5 percent year on year in September, slowing from a 7.3 percent rise in August, the bureau said. The government had originally set a target of four percent for overall inflation in 2011, but officials have already admitted it will be difficult to keep CPI within that target. Nomura Securities forecasts that China\'s inflation will be around 5.0 percent for all of 2011. Chinese investors reacted negatively to the announcement, which came shortly after the market opened. The key Shanghai stock index was down 0.60 percent in morning trade, due to concerns that inflation remained relatively high, dealers said.  

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 september inflation slows slightly to 61 Arab Today, arab today china september inflation slows slightly to 61

 



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 september inflation slows slightly to 61 Arab Today, arab today china september inflation slows slightly to 61

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Taxi! Transport gets an overhaul

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Turkey warns of 'security' steps

GMT 12:17 2017 Sunday ,24 September

Turkey warns of 'security' steps
Arab Today, arab today North Korea 'more opaque'

GMT 10:50 2017 Sunday ,24 September

North Korea 'more opaque'
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Psychologists help Mexico deal

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Big Western brands polluting oceans

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:11 2017 Saturday ,23 September

Doctor provides advices to families

GMT 13:36 2017 Saturday ,23 September

unveils Joon - the 'millenials' airline

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
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