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  • China´s producer prices continue to slide in March
    China's producer prices slid 4.6 percent year on year in March, the 37th consecutive month of declines, adding to disinflationary pressure, official data showed on Friday. The drop in the producer price index (PPI), a measure of costs for goods at the factory gate, narrowed from February's 4.8 percent decline, according to the National Bureau of Statistics (NBS). The index started a downward trend in March 2012 and has yet to turn around. The 4.6 percent decline last month was its second largest drop. On a monthly basis, the PPI contracted 0.1 percent in February, narrowing from a 0.7 percent decline in February. Experts said the continuous plunge in factory gate prices has added to disinflationary pressure in the world's second largest economy and might presage more monetary easing policies in the coming months.
  • Holiday lifts Feb consumer prices
    Inflation at the consumer level rebounded more than expected last month, lifted by a surge in food prices during Spring Festival, while industrial deflation accelerated, the National Bureau of Statistics said on Tuesday. The Consumer Price Index rose 1.4 percent year-on-year in February, compared with a five-year low of 0.8 percent in January, as the long holiday (from Feb 18 to 25) boosted demand. Distortions caused by the timing of the lunar festival, which began on Jan 31 last year, played a part, the NBS said. Food prices rose 2.4 percent, compared with 1.1 percent in January. Non-food inflation climbed to 0.9 percent from 0.6 percent, as prices of household goods and entertainment increased. The average CPI for the first two months was 1.1 percent, but that was still below December's 1.5 percent, according to the NBS. Yi Gang, deputy governor of the People's Bank of China, the central bank, said that the CPI may keep rising for some time, meaning that deflation is unlikely in the ...
  • Growth slowdown not prelude of recession: expert
    A further slowdown of China's economic growth seems inevitable, said Li Yang, vice head of the Chinese Academy of Social Sciences (CASS), on Friday, but it should not be treated as the precursor to a recession. The growth rate slowed to 7.4 percent in 2014, its weakest annual expansion in 24 years, and a string of economic indicators, including manufacturing and trade data, all suggest continued weakness. The Chinese economy "has entered a new normal", which will last for a long time, said Li Yang, when attending a two-day forum on the "Chinese economic situation" that opened in Beijing on Friday. He said that it was misleading for some to interpret the situation as recession. "The economy should be observed from at least three levels," said Li Yang, naming the levels to be quantity, quality and reform progress. Despite a dip in the quantity level growth rate, Li Yang argued that the economy had improved growth quality and deepened reforms. In 2014, the v...