Latest News |
China's inflation eases to 29-month low China's Consumer Price Index (CPI), a main gauge of inflation, has eased to a 29-month low driven by falling food prices, leaving the government ample room to introduce more pro-growth measures to boost the slowing economy. | |
China's PPI down 2.1% in June China's Producer Price Index (PPI), a main gauge of inflation at the wholesale level, fell 2.1 percent in June from a year earlier, the National Bureau of Statistics (NBS) announced on July 9. |
View Points |
Wen Jiabao, Chinese Premier: China's economy is running at a generally stable pace, but there is still huge downward pressure. We need more aggressive efforts to preset and fine-tune economic policies. | |
Yao Jingyuan, a researcher from the Councilor's Office of the State Council: In addition to food prices, easing wholesale prices at the factory gate due to over-capacity in a few industries and waning imported inflation also explained the slowing CPI. Such trends will continue in the second half of this year, keeping China's CPI away from effects of the imported inflation. | |
Li Changan, a professor with the University of International Business and Economics: It is too early to say the economy has fallen into deflation, considering the CPI still remained at a positive level. With a faster-than-expected slowdown of the economy, policy fine-tuning is badly needed. |
Charts for CPI datas |
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