BEIJING, Jan. 18 (Xinhua) Chinese stocks closed higher on Monday, with the benchmark Shanghai Composite Index up by 0.84 percent, at 3,596.22 points. The She
Food inflation records highest jump since 2016 thecable.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thecable.ng Daily Mail and Mail on Sunday newspapers.
Goods trade growing in China only
Li Qiaoyi Published: Jan 14, 2021 09:50 PM Updated: Jan 14, 2021 10:50 PM
Workers operate industrial robotic arms in an auto parts factory in Taicang, East China s Jiangsu Province on Thursday. The auto parts sector has experienced fast growth in the city, as the number of auto parts companies reached more than 100 in recent years. Photo: IC
With China s exports in full swing, and helping mend the coronavirus-fractured global supply chains despite intermittent threats and hostile moves from the US and Australia, the country s exports have proven to be a tower of strength for its economy with a full-year gain of 3.6 percent in 2020.
SOURCE / ECONOMY By Global Times Published: Jan 11, 2021 12:58 PM
A vendor arranges vegetables at a farm product market in Dengqen County of Qamdo City, southwest China s Tibet Autonomous Region, Sept. 18, 2020. Through the cultivation of modern agriculture, vegetables are no more rarities on the roof of the world, making today s Tibetan tables more delicious, nutritious. (Xinhua/Zhan Yan)
China s CPI, a main gauge of inflation, rose by 0.2 percent in Dec, compared with November s 0.5 percent drop,2020 CPI was 2.5 percent, according to data released by the National Bureau of Statistics on Monday.
In December, resulting from epidemic prevention and control measures and economic growth, consumer demand continued to grow. At the same time, affected by turbulent weather and rising costs, the CPI jumped from negative to positive territory, said NBS senior statistician Dong Lijuan on Monday.
By Addison Gong
11 Jan 2021
In this round-up, consumer inflation in China turns positive in December, Beijing announces rules to protect Chinese companies from sanctions of foreign governments, and the banking and insurance regulator hands a Rmb200m ($30.1m) fine to financial institutions including China Development Bank and Industrial and Commercial Bank of China.
China’s December Consumer Price Index (CPI) rose 0.2% year-on-year, taking the 2020 full year CPI growth to 2.5%, data released by the National Bureau of Statistics on Monday morning showed. The Producer Price Index (PPI) slid 0.4% last month.
The recovery in inflation last month was largely thanks to a rebound in food prices 8.5% month-on-month for fresh vegetables and 6.5% for pork and a monthly rise of 5.1% in fuel prices, noted Commonwealth Bank of Australia’s China economist, Kevin Xie, in a Monday note. Xie expects the annual CPI growth to fall to 1% in 2021 from 2.5% in 2020.