The Wall Street Journal’s China Real Time blog has launched a new online reference tool for viewing China’s economic statistics: To save China Real Time readers the trouble of fighting it out with journalists at the...
Bloomberg reports that Premier Wen Jiabao has stabilizing prices as the top economic priority for China: The Premier reiterated that China faces a “very complicated, unstable and uncertain environment both at home and abroad”...
At the Financial Times, Wen Jiabao trumpets China’s economic achievements and future prospects, three years on from the “eruption” of the global financial crisis. China has moved swiftly to fight the financial...
With prices rising along with inflation, the Chinese government took action by raising the interest rate for the second time in six weeks, and promised more increases would be coming. From the Guardian: Financial markets are...
From the Los Angeles Times: Kobe Bryant’s Nike sneakers with the Made in China label go for $165 in the U.S. But at an official Nike store in China? $190. A flat-screen Sony TV assembled by Chinese laborers runs about $800...
From AFP: China’s inflation lingered at 10-year highs in October, the government said Tuesday, as major state newspapers carried a vow by Premier Wen Jiabao to stabilise prices. The consumer price index was up 6.5 percent last month from a year earlier, compared wth 6.2 percent in September and 6.5 percent in August, the National […]
From China Daily: The central bank said on Friday that it will continue to adopt a “moderately tight” monetary policy in the coming months to keep the economy on the right track. On the whole, the economy is sound, but “still faces prominent problems such as excessive investment growth, too large a trade surplus and […]
From The Eonomic Times: China will ensure ample food supply in the coming months to keep prices down, state media said Saturday, in yet another reaction to shock inflation figures released recently. The price of food staples such as wheat, soybean and pork are to be kept at an affordable level by measures such as […]
From Financial Times: China has begun to enforce a freeze on all government-controlled prices in a sign of the central government’s alarm about rising popular anger over inflation, now at the highest rate in over a decade. The order freezes a vast array of prices still under the control of governments in China, ranging from […]
From China Daily: Consumer inflation in China jumped to the highest level in nearly 11 years in August as food prices continue to surge, raising the possibility for another interest rate hike. The Consumer Price Index (CPI), a barometer of inflation, rose 6.5 percent year-on-year in August after a 5.6 percent increase in the previous […]
From The New York Times: Steeply rising food prices pushed inflation in China to 5.6 percent last month, the fastest pace in a decade, government figures showed today, prompting renewed concern about whether inflation would spread more widely in China and abroad. The surge in consumer prices last month pushed inflation past its peak of […]
From Business Report: A spurt in Chinese consumer prices has sparked fears of a worldwide inflationary surge at a time of rising oil and food costs and upward wage pressures. Driven by the food sector, Chinese inflation surpassed the preferred 3 percent annual threshold over the past few months and came to 4.4 percent in […]
From MarketWatch: China’s gross domestic product is forecast to grow 10.8% for the full-year 2007, achieving a double-digit growth for the fourth straight year, while its consumer price index will likely rise 3.2% this year, a report cited the People’s Bank of China as saying on Friday. The PBOC’s research bureau said in a research […]
From ABC News: Surging food prices boosted China’s annual consumer price inflation in May to a 27-month high, extending a rising trend and reinforcing expectations that interest rates will rise further. Inflation quickened to 3.4 percent last month from 3 percent in April, the National Bureau of Statistics said on Tuesday. Food prices, which make […]
From BBC News: The Chinese government has said it will take urgent steps to keep pork affordable, following big rises in the price of the staple meat. China is the world’s largest consumer of pork, which is used in many traditional dishes. But widespread disease and the rising cost of raising live pigs have pushed […]
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