China inflation rises while inflation grows

Recent analysis by a group of 19 international experts suggests that Chinese inflation will slow slightly this year as compared to the last, but will remain above the government’s comfort level of 4%. Glenn Maguire, an economist at Societe Generale in Hong Kong says that it will probably plateau at about 5.5%.  China’s economy is still growing rapidly, but will slow from its peak last year at 10.3% to 9.5% this year.

The strength of China’s economy during the global downturn is due to the increased employment opportunities available and broad-based wage gains, which increase the disposable income of consumers.  Prices continue to go up, so the government as made fighting inflation a priority.  They have raised interest rates and upped the reserve ratio amount required by banks, and will probably implement similar policies again this year.

 



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Recent analysis by a group of 19 international experts suggests that Chinese inflation will slow slightly this year as compared to the last, but will remain above the government’s comfort level of 4%. Glenn Maguire, an economist at Societe Generale in Hong Kong says that it will probably plateau at about 5.5%.  China’s economy is still growing rapidly, but will slow from its peak last year at 10.3% to 9.5% this year. The strength of China’s economy during the global downturn is due to the increased employment opportunities available and broad-based wage gains, which increase the disposable income of consumers. ...

Recent analysis by a group of 19 international experts suggests that Chinese inflation will slow slightly this year as compared to the last, but will remain above the government’s comfort level of 4%. Glenn Maguire, an economist at Societe Generale in Hong Kong says that it will probably plateau at about 5.5%.  China’s economy is still growing rapidly, but will slow from its peak last year at 10.3% to 9.5% this year.

The strength of China’s economy during the global downturn is due to the increased employment opportunities available and broad-based wage gains, which increase the disposable income of consumers.  Prices continue to go up, so the government as made fighting inflation a priority.  They have raised interest rates and upped the reserve ratio amount required by banks, and will probably implement similar policies again this year.

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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