China factory gate prices rise by most in nearly 3 years as economic recovery quickens

china factory gate prices rise by most in nearly 3 years as economic recovery quickens

Sumary of China factory gate prices rise by most in nearly 3 years as economic recovery quickens:

  • Article content BEIJING — China factory gate prices beat analyst expectations to rise at their fastest annual pace since July 2018 in March in the latest sign that a recovery in the world second-largest economy is gathering momentum..
  • China producer price index (PPI) rose 4.4% in annual terms, the National Bureau of Statistics (NBS) said in a statement, far above a 3.5% rise forecast in a Reuters poll and up sharply from a 1.7% increase in February..
  • Data last week showed China manufacturing activity expanded at the quickest pace in three months in March as factories ramped up production to keep up with improving global demand..
  • “Markets may become increasingly concerned about pressures from rising inflation on Beijing policy stance, but we expect Beijing will stick to its ‘no sharp policy shift’ commitment,”.
  • China central bank has rolled out a raft of measures, including cuts in interest rates and reserve ratios since early-2020 to support the virus-hit economy, but it shifted to a steadier stance as the recovery solidified..
  • Article content China consumer price index (CPI) rose 0.4% from a year earlier in March, the statistics bureau said in a separate statement, beating a median forecast for a 0.3% rise in a Reuters poll and returning to inflation after two months of price falls…

Want to know more click here go to source.

From -
Close
Generic selectors
Exact matches only
Search in title
Search in content
Search in posts
Search in pages

Site Language


By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close