Arab Today, arab today turning point in china\s economy growth at hand
Last Updated : GMT 19:46:39
Arab Today, arab today
Arab Today, arab today

Turning point in China\'s economy growth at hand

Arab Today, arab today

Arab Today, arab today Turning point in China\'s economy growth at hand

Beijing - XINHUA

China\'s consumer price index (CPI), a main gauge of inflation, grew 2 percent year on year in November. It indicated that the inflection point of price of commodities loomed, which would fuel the inflationary pressure, analysts said. The National Bureau of Statistics announced that November\'s inflation rate rose 0.1 percent from a 33-month low of 1.7 percent in October. China\'s producer price index (PPI), which measures inflation at the wholesale level, fell 2.2 percent year on year in November, the NBS said. It marked the ninth straight month of decline after the PPI dropped in March for the first time since December 2009. However, the decline was smaller than the 2.8-percent decrease in October, suggesting that manufacturing activity has improved. \"A combination of low inflation and modest economic growth is surely a desirable outcome for China in the difficult year of 2012,\" said Wang Jun, an expert with the China Center for International Economic Exchanges. TURNING POINT OF CPI IS EMERGING? \"Rises in the prices of pork and vegetables mainly contributed to the climbing CPI growth,\" said Lian Ping, chief economist at the Bank of Communication. Food prices, which account for nearly one-third of the weighting in the calculation of China\'s CPI, rose 3 percent in November from one year earlier, pushing the index up 0.95 percentage points. \"It is gradually turning cold in November and the food supplies were disrupted by bad weather across the country.\" Lian noted. Vegetable prices jumped 11.3 percent year on year in November. Lian predicted that the November\'s reading marked a turning point. Affected by recovering domestic demand, increasing pork prices and rises in labor and land costs, prices will continue to increase in the next year, he added. Besides, some economists and experts expressed the similar views that China was already on a moderate recovery path. \"For 2013, we label it a year of recovery.... Our forecast is that China\'s GDP growth will go up from about 7.6 percent this year to about 8 percent next year. The recovery will be mainly driven by some cynical recovery as well as government policies,\" UBS China economist Wang Tao said. She expected government policy support, which has been in place since the spring of this year, will continue to play its role. That is reflected by increasing infrastructure spending, which has been supported by increasing credit into the economy.

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 turning point in china\s economy growth at hand Arab Today, arab today turning point in china\s economy growth at hand

 



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 turning point in china\s economy growth at hand Arab Today, arab today turning point in china\s economy growth at hand

 



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 Lufthansa chief eyes up to 78

GMT 11:29 2017 Thursday ,21 September

Lufthansa chief eyes up to 78
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 Rouhani at UN defends Iran nuclear deal

GMT 09:41 2017 Thursday ,21 September

Rouhani at UN defends Iran nuclear deal
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
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 China lifts 10-year travel ban

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
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 Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Actress Ream Hhagag prepares for a new film

GMT 09:40 2017 Tuesday ,19 September

Actress Ream Hhagag prepares for a new film
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 12:14 2017 Monday ,18 September

Horia Farghaly happy for success of “Case G”

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:49 2017 Wednesday ,20 September

WHO urges Yemen to accept vaccines

GMT 16:04 2017 Tuesday ,19 September

Egypt tourism revival steady but slow

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