Factory prices in China are just a hair’s breadth away from deflationary territory. Photo: Reuters
China’s producer price index holds steady in February as deflation stalks economy
- February producer prices rise 0.1 per cent from a year earlier, same as January
- February consumer prices slow to 1.5 per cent from a year earlier, down from 1.7 per cent in January, as food prices slow sharply
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China economy
Factory prices in China are just a hair’s breadth away from deflationary territory. Photo: Reuters
Premier Li Keqiang pledged to create 11 million new urban jobs and to keep the urban unemployment rate under 4.5 per cent in 2019. Photo: AFP
Jobs, jobs, jobs: China focuses on quality of life as trade war and lower growth take toll
- Premier Li Keqiang says the government will create 11 million new positions in urban areas and help disadvantaged groups join the workforce
- Plans are also afoot to cut mobile internet rates and expand childcare
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Two Sessions 2019 (Lianghui): Top Priorities
Premier Li Keqiang pledged to create 11 million new urban jobs and to keep the urban unemployment rate under 4.5 per cent in 2019. Photo: AFP