{"id":40496,"date":"2009-06-10T23:13:34","date_gmt":"2009-06-11T06:13:34","guid":{"rendered":"http:\/\/chinadigitaltimes.net\/?p=40496"},"modified":"2009-06-10T23:13:34","modified_gmt":"2009-06-11T06:13:34","slug":"china%e2%80%99s-consumer-prices-decline-14-aiding-recovery","status":"publish","type":"post","link":"https:\/\/chinadigitaltimes.net\/2009\/06\/china%e2%80%99s-consumer-prices-decline-14-aiding-recovery\/","title":{"rendered":"China\u2019s Consumer Prices Decline 1.4%, Aiding Recovery"},"content":{"rendered":"<p>From <a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601087&#038;sid=acRGlYJ_GPO8\">Bloomberg<\/a>: <\/p>\n<blockquote><p>China\u2019s consumer prices fell for a fourth month, making it easier for the government to keep interest rates low and boost spending to revive the world\u2019s third-largest economy.<\/p>\n<p>Prices dropped 1.4 percent in May from a year earlier, after falling 1.5 percent in April, the statistics bureau said today. The median estimate in a Bloomberg News survey of 16 economists was for a 1.3 percent decline. Producer prices fell 7.2 percent, the most on record.<\/p>\n<p>Inflation may return as the economy recovers and commodity prices climb from last year\u2019s lows. The central bank triggered an explosion in credit this year by scrapping restrictions on growth in new loans and keeping the one-year lending rate at a four-year low of 5.31 percent. <\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>From Bloomberg: China\u2019s consumer prices fell for a fourth month, making it easier for the government to keep interest rates low and boost spending to revive the world\u2019s third-largest economy. Prices dropped 1.4 percent in May from a year earlier, after falling 1.5 percent in April, the statistics bureau said today. The median estimate in [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[5201,7551,1094],"class_list":["post-40496","post","type-post","status-publish","format-standard","hentry","category-economy","tag-cpi","tag-deflation","tag-inflation","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.9 (Yoast SEO v23.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>China\u2019s Consumer Prices Decline 1.4%, Aiding Recovery<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/chinadigitaltimes.net\/2009\/06\/china\u2019s-consumer-prices-decline-14-aiding-recovery\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China\u2019s Consumer Prices Decline 1.4%, Aiding Recovery\" \/>\n<meta property=\"og:description\" content=\"From Bloomberg: China\u2019s consumer prices fell for a fourth month, making it easier for the government to keep interest rates low and boost spending to revive the world\u2019s third-largest economy. Prices dropped 1.4 percent in May from a year earlier, after falling 1.5 percent in April, the statistics bureau said today. The median estimate in [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"http:\/\/chinadigitaltimes.net\/2009\/06\/china\u2019s-consumer-prices-decline-14-aiding-recovery\/\" \/>\n<meta property=\"og:site_name\" content=\"China Digital Times (CDT)\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ChinaDigitalTimes\" \/>\n<meta property=\"article:published_time\" content=\"2009-06-11T06:13:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.png\" \/>\n\t<meta property=\"og:image:width\" content=\"186\" \/>\n\t<meta property=\"og:image:height\" content=\"177\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Liu Yong\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cdt\" \/>\n<meta name=\"twitter:site\" content=\"@cdt\" \/>\n<meta name=\"twitter:label1\" 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