China's inflation cools to 0.1%, its slowest pace in two years | CNN Business

The consumer price index rose by just 0.1% in April from a year ago, the lowest rate of inflation since February 2021, according to the National Bureau of Statistics on Thursday. In March and February, it increased 0.7% and 1% respectively. The producer price index, which measures factory-gate prices, declined by 3.6%, marking the biggest contraction in three years. It’s the seventh straight month the figure has fallen.

According to data released Tuesday by the customs authority, imports plunged 7.9% in April, indicating weak domestic demand. Exports were strong, up 8.5% from a year, although that was slower than the 14.8% growth recorded in March. Instead of spending money, people are hoarding cash at a record rate. In the first quarter, deposits held by households nationwide grew by 9.9 trillion yuan , up 27% from a year ago, according to data from the central bank last month.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Treasury Secretary Yellen calls CEOs and business leaders with warning on debt limit | CNN BusinessUS Treasury Secretary Janet Yellen has been calling CEOs and business leaders to discuss the consequences of brinkmanship around the debt ceiling, according to a source familiar with the matter.
La source: CNN - 🏆 4. / 95 Lire la suite »

China's shrinking imports, slower exports growth darken economic outlook | CNN BusinessChina's imports contracted sharply in April, while exports rose at a slower pace, reinforcing signs of feeble domestic demand despite the lifting of Covid curbs and heaping pressure on an economy already struggling in the face of cooling global growth.
La source: cnni - 🏆 326. / 59 Lire la suite »

'Everybody is worried': China raids offices of consultancy firm Capvision in widening industry crackdown | CNN BusinessChina's state security authorities raided multiple offices of international advisory firm Capvision, state media reported Monday, part of a broader crackdown on the consulting industry as Beijing tightens control over what it considers sensitive information related to national security.
La source: cnni - 🏆 326. / 59 Lire la suite »