久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

US EUROPE AFRICA ASIA 中文
Business / Macro

China January inflation cools to 0.8%

(Xinhua) Updated: 2015-02-10 10:25

China January inflation cools to 0.8%

BEIJING - China's consumer price index, a main gauge of inflation, grew 0.8 percent year on year in January, the slowest rise in more than five years, the National Bureau of Statistics announced Tuesday.

Food prices, which account for nearly one-third of weighting in China's CPI, increased 1.1 percent year on year. On a monthly basis, consumer prices in January edged up 0.3 percent.

The NBS attributed the tempering growth to retreating food prices due to warmer weather during the period. A bigger comparison base last year, and global oil prices also helped drag down the price levels.

Meanwhile, China's producer price index (PPI), which measures wholesale inflation, plunged 4.3 percent year on year in January, marking the 35th straight month of decline, pointing to continued weak market demand.

China's economy grew 7.4 percent in 2014, the weakest annual expansion in 24 years, and a string of economic indicators for the new year, including manufacturing and trade data, all suggested continued weakness.

In the latest move to support growth, the central bank last week decided to lower reserve requirement ratio (RRR), the minimum level of reserves banks must hold, by 50 basis points from Feb 5, the first universal RRR cut since May 2012.

Related story: Trade numbers take big hit in January, by Zhong Nan, China Daily

China's foreign trade stumbled by 10.8 percent to 2.09 trillion yuan ($341 billion) on a year-on-year basis in January, pushing the country to accelerate the pace of restructuring.

The country's exports slid 3.2 percent to 1.23 trillion yuan and imports slumped 19.7 percent to 860 billion yuan, expanding the trade surplus by 87.5 percent to 366.9 billion yuan, according to General Administration of Customs data released on Sunday.

The sharp import decline was led by a drop in foreign commodities as coal tumbled by nearly 53.2 percent, refined oil dropped by 37.6 percent and steel slid by 14.7 percent from the same month a year earlier.

"The weak manufacturing activities and a bearish housing market have caused domestic demand for commodities including refined oil, industrial metals and plastics to decline," said Zhao Zhongxiu, a trade professor at the University of International Business and Economics in Beijing.

Zhao said the trade surplus, combined with a downturn in exports and imports, complicates the government's management of exchange rates after January's depreciation.

Exports fell by 4.4 percent to the European Union, 10.9 percent to China's Hong Kong region and 20.4 percent to Japan. Shipments to Russia plunged 42.1 percent.

"Even though the People's Bank of China, the central bank, so far has responded to the weakness by cutting interest rates and the amount of reserves banks must hold back when lending, the measures were only seen as holding the line," said He Jingtong, a professor of international trade at Nankai University in Tianjin.

He said policymakers should introduce more easing policies to reinvigorate growth.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 国内自拍网红在线综合 | 一级特级欧美aaaaa毛片 | 91热久久免费频精品黑人99 | 免费无遮挡毛片 | 亚洲免费一级视频 | 国产亚洲欧美在线播放网站 | re久久 | 亚洲精品视频观看 | 欧美一级毛片免费网站 | 手机在线毛片免费播放 | 亚洲图片偷拍自拍 | 欧美成人免费一区在线播放 | 99精品免费久久久久久久久日本 | 加勒比色综合 | 午夜美女久久久久爽久久 | 日韩免费高清 | 国产手机国产手机在线 | 手机看片精品高清国产日韩 | 久久久精品国产 | 国产成年人网站 | 99视频免费在线 | 日本波多野结衣视频 | 乱人伦中文视频在线 | 在线观看黄网 | 欧美一级欧美一级在线播放 | 国产1区2区三区不卡 | 日本aaaa级| 国产自愉自愉全免费高清 | 免费一级欧美大片久久网 | 久久国产精品国产精品 | 国产精品自在自线 | 国产上床视频 | 国产精品第五页 | 成年人黄页 | 二区久久国产乱子伦免费精品 | 黄色毛片在线 | 亚洲综合第一欧美日韩中文 | 国产精品yjizz视频网一二区 | 手机看片手机在线看片 | 中国性猛交xxxxx免费看 | 中文字幕无线码中文字幕网站 |