China's consumer inflation hit an 18-month low and factory-gate price declines sped up in March as demand stayed persistently weak, shoring up the case for policymakers to take more steps to support the uneven economic recovery.
In contrast to surging prices globally, China's retail and producer inflation has remained anaemic as the consumer and industrial sectors struggle to recover from their pandemic hit. Analysts now think consumer inflation could fall short of Beijing's official targets this year.
"China's March inflation report suggests that the Chinese economy is running a disinflation process, which points to bigger room for monetary policy easing to boost demand," said Zhou Hao, economist at Guotai Junan International. China's yuan hit a more-than-one-week low against the dollar on Tuesday morning following the data, as investors stepped up bets domestic interest rates could be cut. Shanghai's benchmark stock indexFood price inflation, a key driver of CPI, slowed to 2.4% year-on-year from 2.6% in the previous month. On a month-on-month basis, food prices fell 1.4%.
"We think consumer price inflation will rebound in the coming months as the labour market tightens again and will peak at 2.3% in early 2024," said Zichun Huang, China economist at Capital Economics. "But it will be well below the government’s ceiling of 'around 3.0%', and the increase in inflation will be far smaller than what was seen elsewhere when they opened up."
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
China's car sales stay flat in March amid price war -CPCAGrowth in sales of China's passenger vehicles was flat in March from a year earlier, industry data showed on Monday, as more price cuts by auto brands and the rollout of incentives by local governments helped to support demand.
続きを読む »
China's car sales stay flat in March amid price warGrowth in sales of China's passenger vehicles was flat in March from a year earlier, industry data showed on Monday, as more price cuts by auto brands and the rollout of incentives by local governments helped to support demand.
続きを読む »
Tesla's stock falls toward 5th straight loss after slowing in China auto sales in MarchShares of electric vehicle maker Tesla Inc. undefined dropped 1.6% toward a fifth consecutive decline in premarket trading Monday, in the wake of data...
続きを読む »
China: Tesla Noticeably Increased EV Sales In March 2023In March, Tesla noted one of the strongest months of EV sales in China so far - in many cases, not far from record levels.
続きを読む »
China’s CPI softens to 0.7% YoY in March vs. 1.0% expectedChina’s Consumer Price Index (CPI) came in at 0.7% than a year earlier in March, rising slower than the 1.0% annual gain seen in February, the latest
続きを読む »
US very 'confident' it can protect interests in South China Sea as China surrounds TaiwanThe U.S. is comfortable with its ability to protect American interests in the Indo-Pacific as the Chinese military threatens Taiwan's integrity, the White House officials says.
続きを読む »