|
BIZCHINA> Top Biz News
![]() |
|
Prices indices reflect deflation threats
By Wang Xu (chinadaily.com.cn)
Updated: 2009-02-10 10:46
China's producer price index in January registered a negative growth of 3.3 percent from a year earlier, the steepest decline in eight years, the National Bureau of Statistics (NBS) said this morning.
The decline of producer prices is largely due to the drop in commodity prices, the NBS said in a statement. It said international metal prices plummeted 41.4 percent in January year-on-year. "China's CPI inflation is likely to dip into negative territory in coming months due to the high base in early 2008, when food and commodity prices were surging and severe winter snowstorms brought disruptions to agricultural and industrial activity," said Jing Ulrich, managing director and chairwoman of China Equities at JP Morgan. "We anticipate further interest rate cuts from the central bank in the coming months, especially considering the recent rise in real interest rates," said Ulrich. The central bank has cut the key one-year lending rate by 2.16 percentage points to 5.31 percent since 2008, as the government decided to ease monetary policy to bolster the economy. (For more biz stories, please visit Industries)
|
||||||
主站蜘蛛池模板: 富平县| 巴彦淖尔市| 乐平市| 锡林浩特市| 宝山区| 城口县| 城步| 金昌市| 隆安县| 南涧| 万盛区| 莱西市| 瓮安县| 德令哈市| 沂源县| 阿图什市| 富平县| 东丰县| 大洼县| 太仓市| 潍坊市| 固阳县| 东乌| 甘洛县| 浏阳市| 阿拉善右旗| 西丰县| 阳山县| 哈巴河县| 湘西| 安泽县| 涟源市| 房产| 广南县| 河津市| 绥宁县| 石棉县| 云浮市| 武冈市| 龙泉市| 台东县| 永顺县| 屯留县| 孟津县| 苏尼特左旗| 北辰区| 洞头县| 德钦县| 昌吉市| 宜黄县| 安福县| 泽库县| 容城县| 泰兴市| 密云县| 曲沃县| 东乡族自治县| 吉木萨尔县| 石景山区| 治多县| 开封县| 宁强县| 蒙阴县| 宜兰市| 许昌县| 白城市| 南召县| 南岸区| 会东县| 鹤庆县| 商洛市| 临夏市| 蓝田县| 玛沁县| 阿克苏市| 北宁市| 曲水县| 阿鲁科尔沁旗| 习水县| 冀州市| 中卫市| 亚东县|