Topic
Inflation captures the rising costs of goods and services in an economy and, as a result, the decreasing purchasing power of consumers. It is most often measured by the consumer price index (CPI), which tracks the prices people pay for a "basket" of goods and services. China has never disclosed the weighting of its CPI, but estimates suggest food, tobacco and alcohol make up about 30 per cent, with pork believed to be the most heavily weighted product. As the prices of everyday goods rise, Chinese consumers feel inflation directly as an increase in their general cost of living.
Setting up a special bureau to look over business owners’ shoulders misses the mark. Beijing needs to stop harassing private firms, rethink its anti-corruption drive and trim the bureaucracy – nothing short of a mind-set change.
- President Xi Jinping pledged more measures to attract foreign investors to China after meeting with US counterpart Joe Biden in San Francisco
- Premier Li Qiang took the helm at the Central Financial Commission, while China announced plans to allow travellers from selected countries visa-free entry for 15 days
The city state took pole position for the ninth time in 11 years while Hong Kong slipped one notch to rank fifth among 173 countries, according to a study by the Economist Intelligence Unit (EIU).
Known for his critical assessments of China’s economy, Yu says there is ‘very big room’ for more expansionary fiscal policies, and time is of the essence in adopting them – or bigger risks could emerge.
A deepening of food-price deflation saw China’s consumer price index (CPI) fall in October from a year earlier, while the producer price index (PPI) fell for the 13th month in a row.
China’s consumer price index (CPI) fell by 0.2 per cent from a year earlier in October, and food prices were the ‘main culprit’, while the producer price index (PPI) fell for the 13th month in a row.
Former premier Li Keqiang died in October, while the Belt and Road Forum for International Cooperation took place and China confirmed its economy grew by 4.9 per cent in the third quarter, year on year.
China’s consumer price index (CPI) remained flat from a year earlier in September, while the producer price index (PPI) fell for the 12th consecutive month.
Declines in China’s exports and imports narrowed in September, but deflationary pressure and weak domestic demand remain headaches for Beijing.
China’s consumer price index (CPI) remained flat from a year earlier in September, data released on Friday showed, while the producer price index (PPI) fell for a 12th month in a row.
China’s economy showed signs of life in August, with retail sales and manufacturing picking up, but some analysts are still waiting to see if Beijing has a ‘bold reform plan’ up its sleeve, as the road to recovery remains rocky.
Economists say alternative high-frequency data points – from subway ridership to commodity prices – suggest parts of China’s economy are functioning well. But crisis or not, China is ‘not out of the woods, yet’.
China’s consumer prices returned to positive territory in August, while factory-gate prices fell for an 11th consecutive month.
China’s consumer prices edge up slightly in August, while the producer price index (PPI) falls for the 11th month in a row, according to data released on Saturday.
China’s consumer prices fell for the first time since 2021 in July, adding to deflation concerns, but factory-gate contraction narrowed last month, according to data released on Wednesday.
China’s consumer prices fell for the first time since 2021 in July, and analysts have warned the situation must be handled correctly to avoid imitating Japan’s so-called lost-decade.
US Secretary of Commerce Gina Raimondo could soon visit China, while there is also a chance deflation risks will become a reality in China in August and the China-South Asia Expo will take place in Kunming.
Analysts have drawn parallels with China’s ongoing economic slowdown, which includes deteriorating balance sheets of real estate companies, and Japan’s so-called lost decades of stagnation.
China’s official manufacturing purchasing managers’ index (PMI) remained in contraction for a fourth straight month in July, while the non-manufacturing gauge fell due to a slowdown in the construction subindex, data released on Monday showed.
Analysts say Pan Gongsheng’s many years of experience at the People’s Bank of China give him a critically important vantage point from which to tackle financial risks and shore up economic growth.
