econintersect.com
  • 토토사이트
    • 카지노사이트
    • 도박사이트
    • 룰렛 사이트
    • 라이브카지노
    • 바카라사이트
    • 안전카지노
  • 경제
  • 파이낸스
  • 정치
  • 투자
No Result
View All Result
  • 토토사이트
    • 카지노사이트
    • 도박사이트
    • 룰렛 사이트
    • 라이브카지노
    • 바카라사이트
    • 안전카지노
  • 경제
  • 파이낸스
  • 정치
  • 투자
No Result
View All Result
econintersect.com
No Result
View All Result

China: Inflation Down to 3.2%

admin by admin
3월 9, 2012
in 미분류
0
0
SHARES
0
VIEWS

Econintersect:   Look for China to start loosening monetary policy much more aggressively as inflation has collapsed well below the government target of China-templeSMALL4.0%. The annualized rate for February was sharply lower than the 4.5% figure for January and the three-year high of 6.5% last July. The inflation rate in China has not been this low since June 2010. The numbers for January and February were influenced by the Chinese New Year which fell in the first month and pushed consumption spending higher.  Consumer spending was expected to be much lower in February, a hangover so to speak. Thus the average of the two months (3.9%) may be a better gauge of inflation. That would be very close to the target.

There is some official caution in pronouncements from the government.  From the Financial Times:

But officials remain wary of a possible resurgence, especially in politically sensitive food prices, and this is likely to limit the extent of monetary easing this year unless growth collapses.

On Friday, Yan Qingmin, assistant chairman at the China Banking Regulatory Commission, told reporters that China still faces price pressures and will have to wait until the middle of this year to determine whether inflation really has been beaten.

The expectation is that there will be moves to improve liquidity.  From Shanghai Daily:

“Apparently, inflation is cooling,” said Liu Yu, an Orient Securities Co trader. “We will see a wider range of selective loosening in the near future, such as tax cuts and credit offered to smaller firms as well as reductions in banks’ reserve requirement.”

The Producer Price Index, which tracks factory-gate inflation, was unchanged in February from a year earlier. The indicator rose 0.7 percent year over year in January, indicating little inflationary pressure in the pipeline.

The slower economic growth outlook for China and changes in the country’s growth plan were reported in GEI News just days ago.  These growth concerns will obviously encourage more aggressive monetary policy just as soon as the lower inflation picture becomes clearer.

John Lounsbury

Sources:

  • Chinese inflation rate drops to 3.2%) (Jamil Anderlini, Financial Times, 09 March 2012)
  • China’s inflation cools in Feb, paving way for easing (Shanghai Daily, 09 March 2012)
  • China Cuts Growth Target, Changes Objectives (GEI News, 06 march 2012)

Articles were found on Econintersect Asia Pacific newspaper page.

Previous Post

Week Ending 03March2012: Rail Volumes Continue to Contract

Next Post

Japan GDP Stronger than Expected

Related Posts

Bitcoin Is Finally Trading Perfectly Like 'Digital Gold'
Economics

Bitcoin Is Finally Trading Perfectly Like ‘Digital Gold’

by admin
Namibia Will Regulate And Not Ban Crypto With New Law
Finance

Namibia Will Regulate And Not Ban Crypto With New Law

by admin
6,746 ETH Valued At $12M Was Just Burned
Economics

6,746 ETH Valued At $12M Was Just Burned

by admin
Bitcoin Is Steady Above $29,000 Awaiting US NFP Figures
Economics

Bitcoin: What Next After Consolidation Ends?

by admin
US Government Offloads Another 8,200 Bitcoin – On-chain Data
Economics

US Government Offloads Another 8,200 Bitcoin – On-chain Data

by admin
Next Post

Japan GDP Stronger than Expected

답글 남기기 응답 취소

이메일 주소는 공개되지 않습니다. 필수 필드는 *로 표시됩니다

Browse by Category

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

Browse by Tags

adoption altcoins bank banking banks Binance Bitcoin Bitcoin market blockchain BTC BTC price business China crypto crypto adoption cryptocurrency crypto exchange crypto market crypto regulation decentralized finance DeFi Elon Musk ETH Ethereum Europe Federal Reserve finance FTX inflation investment market analysis Metaverse NFT nonfungible tokens oil market price analysis recession regulation Russia stock market technology Tesla the UK the US Twitter

Categories

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

© Copyright 2024 EconIntersect

No Result
View All Result
  • 토토사이트
    • 카지노사이트
    • 도박사이트
    • 룰렛 사이트
    • 라이브카지노
    • 바카라사이트
    • 안전카지노
  • 경제
  • 파이낸스
  • 정치
  • 투자

© Copyright 2024 EconIntersect