mercredi 8 avril 2015
China’s Deflation Threat: What to Look for Beyond the Headlines
Posted on 22:51 by nice news
Deflation has been the buzzword since China’s central bank Governor Zhou Xiaochuan told the Boao Forum for Asia last month that the economy and prices were not expanding fast enough.
Zhou’s comments came after the benchmark industrial-price gauge fell in February by the most since 2009 as growth in the world’s second-biggest economy decelerated with commodities such as copper, iron ore and oil continuing their plunge.
* Producer-Price Deflation vs. Consumer-Price Inflation
The price spiral is being driven by commodities and industry, with the producer price index plunging 4.8 percent in February from a year earlier, the biggest drop since the global recession of 2009. The consumer price index’s 1.4 percent rise in February compares with the government’s full-year target of 3 percent.
Zhou’s comments came after the benchmark industrial-price gauge fell in February by the most since 2009 as growth in the world’s second-biggest economy decelerated with commodities such as copper, iron ore and oil continuing their plunge.
* Producer-Price Deflation vs. Consumer-Price Inflation
The price spiral is being driven by commodities and industry, with the producer price index plunging 4.8 percent in February from a year earlier, the biggest drop since the global recession of 2009. The consumer price index’s 1.4 percent rise in February compares with the government’s full-year target of 3 percent.
China’s Deflation Threat: What to Look for Beyond the Headlines
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