20120613 Follow Me 398 Chinese consumer prices ease

mu_lianzheng

1945

收藏 2012-06-12

Chinese consumer prices ease

NEW YORK (CNNMoney) -- Chinese inflation continued to ease last month, another sign that more stimulus could be in the pipeline.

Consumer prices in China increased at an annual rate of 3% in May, the National Bureau of Statistics reported Saturday. That's downfrom a 3.4% rate of increase in April.

As recently as last summer, Chinese consumers were battling a whopping 6.5% inflation rate. May marks the fourth straight month of inflation below 4%.In a separate report on Sunday, the government's customs administration said China's trade surplus grew in May to $18.7 billion. The nation sets records for both exports, at $181.1 billion, and imports, at $162.4billion.

For years, the Chinese economy had been growing at warp speed, with prices increasing at a rapid rate. But inflation has significantly slowed in the past year followinggovernment efforts to rein in price increases.

The Chinese government has recently seemed more concerned withslowing growth. But that may be changing.

On Thursday, the People's Bank of China announced a surprise 0.25 percentage point rate cut in various lending and deposit rates for Chinese banks. The move is designed to boost economic activity.

With inflation firmly in check, Chinese officials are likely to take even more steps to juice the economy.

China's gross domestic product, the broadest measure of its economic health, grew at an 8.1% annual rate in the first quarter. But that was sharply lower than the 8.9% growth at the end of last year.

The slowdown has many economists worried about a so-called hard landing for China, which, as the world's No. 2 economy, has become an important driver of global growth.
Some economists are forecasting that even lower prices are on the way.

"We expect there will be a lot of declines in inflation to come in June and July, with it reaching 2% by the middle of the year," said Qinwei Wang, China economist for Capital Economics.

Wang said surveys of Chinese manufacturers show they are paying less for raw materials and charging customers less for their products.

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mu_lianzheng

2012-6-12 19:20:49

Comments:
Although the CPI has declined, however, some goods especially foods in Beijing are still so expensive that some low-income groups cannot afford. Besides, the price of the eggs has increased to 5.2 yuan in the supermarket, this price is higher than Tokyo 's .

In addition, I found that some foods in restaurant are still increasing, you have to expense nearly 20 yuan even if you are eat in the fast food restaurant.

As far as I am concerned, we should make a considerable plan if we want to save our expenses. For instance, I posted some letters through special delivery, I spent only 8 yuan because before the courier arrived my home, I had asked the price. However, 1 month ago, my father had to spent 2 yuan extra because he did not ask the price before the courier had arrived.

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danellv

2012-6-13 09:49:57

I do not care by how many percentages the consumer price has been eased or how our economy has improved, what I know is that the surviving pressure is overloaded. When the GDP is flying and those persons who can be represented for China are being praised, the Chinese shiitizens are complaining. I do not like to read the economics news about China, because everything seems so fake to me.

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桶桶nancy

2012-6-13 15:19:16

As my opinion, the phenomena happened recently has only one goal, that is to speed up the process of marking.

Firstly, by talking about the Financial liberalization, too many people care about the bank rate cut, and neglect the relaxing upper bound(actually ten per cent) on the deposit interest.And then, focusing onthe consumer prices, it is just like that the price have rising from one to ten, and dropping a little to nine, nothing can help for all.

In the national macro-control gradually loosing, together with the demand of investment, production and operation of enterprises exuberant recovery, adding to the implementing policies of encouraging consumption, the future price lever has much more uncertain factors.

In my opinion, the phenomena happened recently has only one goal, that is to speed up the process of marketing.

Firstly, by talking about the Financial liberalization, too many people care about the bank rate cut, and neglect the relaxing upper bound(actually ten percent) on the deposit interest. And then, focusing on (此处没有the) consumer prices, it is just like that the price have been rising(注意：此处您想表达的是现在完成进行时，该时态的固定句型为have/has been doing) from one to ten, and dropping a little to nine, nothing can help for all.

In the national macro-control gradually loosing, together with the demand of investment, production and operation of enterprises exuberant recovery, adding to the implementing policies of encouraging consumption, the future price level has much more uncertain factors.

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happylife87

2012-6-14 13:41:06

I always think inflation is a big problem in life, and I am worried that a more severe inflation may come back after some time for stimulus package, a new 4000 billion and loose monetary policies!

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