{"id":78410,"date":"2010-06-13T19:26:07","date_gmt":"2010-06-14T02:26:07","guid":{"rendered":"http:\/\/chinadigitaltimes.net\/?p=78410"},"modified":"2010-06-13T19:26:07","modified_gmt":"2010-06-14T02:26:07","slug":"china%e2%80%99s-economic-data-challenges-its-yuan-stance","status":"publish","type":"post","link":"https:\/\/chinadigitaltimes.net\/2010\/06\/china%e2%80%99s-economic-data-challenges-its-yuan-stance\/","title":{"rendered":"China\u2019s Economic Data Challenges Its Yuan Stance"},"content":{"rendered":"<p>From <a href=\"http:\/\/www.businessweek.com\/news\/2010-06-12\/china-s-economic-data-challenges-its-yuan-stance-update1-.html\">Bloomberg<\/a>:<\/p>\n<blockquote><p>\nChina\u2019s gains in retail sales, consumer prices and industrial production countered the government\u2019s assessment that the recovery isn\u2019t \u201csolid,\u201d and put more pressure on policy makers to let the yuan rise.<\/p>\n<p>Inflation accelerated to an annual 3.1 percent pace in May, surpassing officials\u2019 target for the full year, retail sales gains quickened to 18.7 percent and industrial production jumped 16.5 percent, government reports showed yesterday in Beijing. The central bank said in a June 8 statement China still doesn\u2019t have a \u201csolid\u201d recovery in domestic demand.<\/p>\n<p>The indicators build the case for a stronger currency to help alleviate price pressures and quiet criticism that Premier Wen Jiabao\u2019s government has a mercantilist policy that\u2019s hurting the global recovery. American lawmakers said they\u2019ll go ahead with legislation targeting the yuan peg just as U.S. and Chinese leaders prepare to meet at a Group of 20 summit this month.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>From Bloomberg: China\u2019s gains in retail sales, consumer prices and industrial production countered the government\u2019s assessment that the recovery isn\u2019t \u201csolid,\u201d and put more pressure on policy makers to let the yuan rise. Inflation accelerated to an annual 3.1 percent pace in May, surpassing officials\u2019 target for the full year, retail sales gains quickened to [&hellip;]<\/p>\n","protected":false},"author":88,"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":[8069,350],"class_list":["post-78410","post","type-post","status-publish","format-standard","hentry","category-economy","tag-economic-recovery","tag-yuan-rate","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.7 (Yoast SEO v23.7) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>China\u2019s Economic Data Challenges Its Yuan Stance<\/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\/2010\/06\/china\u2019s-economic-data-challenges-its-yuan-stance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China\u2019s Economic Data Challenges Its Yuan Stance\" \/>\n<meta property=\"og:description\" content=\"From Bloomberg: China\u2019s gains in retail sales, consumer prices and industrial production countered the government\u2019s assessment that the recovery isn\u2019t \u201csolid,\u201d and put more pressure on policy makers to let the yuan rise. 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