日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Economy

Low inflation marks weak growth

By Xin Zhiming (China Daily) Updated: 2016-08-10 08:26

Factory prices fall 1.7 percent from a year ago; expert calls for further monetary policy support

Inflation remained low in July, with a slight drop in factory prices, indicating that economic growth remains weak and the country still needs to relax its monetary policy to help the corporate sector and jazz up economic activity, analysts said.

The consumer price index rose 1.8 percent in July from a year earlier, compared with 1.9 percent in June, according to the National Bureau of Statistics on Tuesday. It matched with the January reading, the lowest this year.

Low inflation marks weak growth

Consumer inflation has remained well below China's target of around 3 percent in 2016, despite concerns that severe summer flooding, which has disrupted public infrastructure and agricultural production, would increase inflationary pressures.

Food prices rose by 3.3 percent in July, compared with 4.6 percent in June. Pork prices rose by 16.1 percent, down sharply from a 30.1 percent increase in June, as demand cooled.

Vegetable prices dropped by 4.3 percent year-on-year in July, indicating that the seasonal floods hitting many parts of the country this summer did not disrupt normal vegetable supplies, said Liu Dongliang, an analyst at China Merchants Bank.

The producer price index, which gauges factory-gate prices, fell 1.7 percent in July year-on-year, compared with a fall of 2.6 percent in June, the NBS said.

Economists generally predicted that the PPI may turn positive this year for the first time in more than four years.

"It could happen by the end of this year and the whole-year PPI reading may be minus 2.4 percent," said Lian Ping, chief economist at Bank of Communications.

Low consumer price inflation allows policymakers some room to loosen monetary policy in order to boost growth, but they seem to be divided over the necessity of taking such a move for fear of further pushing up asset bubbles and causing more debt problems.

"Despite the slight improvement in the price situation, growth-stabilizing policies should continue to be rolled out, given the heavy economic downturn pressure, weak private sector confidence, cooling real estate market and sluggish foreign demand," said Qu Hongbin, chief economist of HSBC Greater China.

The corporate sector still needs the boost from looser monetary policy and there is a growing possibility of a cut in the required reserve ratio, or the proportion of money commercial banks are required to hold as reserves, Liu said.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 中文字幕在线视频一区 | 日韩欧美在线观看一区二区 | 欧美男人操女人 | 天天在线免费视频 | 一曲二曲三曲在线观看中文字幕动漫 | 久久国产精品一区二区三区 | 久久激情视频 | 日本高清视频一区二区 | 黄色大片在线播放 | 日本一区二区三区在线视频 | 三级视频在线播放 | 99综合网 | 日韩欧美一区二区三区在线观看 | 天天干夜夜骑 | 欧美a∨亚洲欧美亚洲 | 99国产一区 | 婷婷四房综合激情五月 | 极品少妇av | 成人免费在线视频 | 亚洲欧美福利 | 久久久国产精品x99av | 免费在线观看成人 | 色播激情网 | 欧美激情天堂 | 国产免费一区二区三区四区 | 日本成人精品 | 自拍视频一区 | 白丝白浆 | 国产三级精品三级观看 | 国产精品久久久久久av | 久久久www成人免费精品 | 久久艹艹 | 成人免费视频一区 | 亚洲欧美在线视频 | 9l视频自拍九色9l视频成人 | 污软件在线观看 | 亚洲自拍偷拍综合 | 成人免费激情视频 | 午夜寂寞在线观看 | 超碰在线人人 | 日韩av综合|