BEIJING : China's factory gate prices fell faster than expected in May, as faltering demand weighed on manufacturing, impeding the fragile economic recovery, while consumer inflation missed expectations.The producer price index (PPI) for May fell for an eighth consecutive month, down 4.6 per cent, the Nat
BEIJING : China's factory gate prices fell faster than expected in May, as faltering demand weighed on manufacturing, impeding the fragile economic recovery, while consumer inflation missed expectations.
The consumer price index rose 0.2 per cent year-on-year after a 0.1 per cent rise in the previous month, missing a forecast for a 0.3 per cent increase. Some economists expect the People's Bank of China to cut rates or release more liquidity into the financial system. The bank cut lenders' reserve requirements ratio in March.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China passenger car sales rise in May on incentives, new modelsBEIJING/SHANGHAI :Passenger vehicle sales in China rose 7.3 per cent in May from a month earlier, industry data showed on Thursday, as the government extended tax incentives to shore up demand amid a flagging economic recovery. Sales totalled 1.76 million vehicles in May, the China Passenger Car Association (CPCA
Read more »
China's biggest state banks cut interest rates on yuan depositsBEIJING : China's biggest banks on Thursday said they have lowered their interest rates on yuan deposits, action that could ease pressure on profit margins and make room for reduced lending costs. Industrial and Commercial Bank of China Ltd, Agricultural Bank of China Ltd, Bank of China Ltd and China Cons
Read more »
China's biggest state banks cut interest rates on yuan depositsBEIJING: China's biggest banks on Thursday (Jun 8) said they have lowered their interest rates on yuan deposits, action that could ease pressure on profit margins and make room for reduced lending costs. Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China and China Constructi
Read more »
China willing to deepen cooperation with UK financial sector -state mediaBEIJING : China's Vice President Han Zheng said on Thursday the country is willing to deepen cooperation with the British financial sector and promote sound development of bilateral economic and trade relations, state media reported.Meeting with Nicholas Lyons, the lord mayor of London, in Beijing, Han sa
Read more »
AI, facial recognition tech front and centre at China security expoBEIJING: AI tech that spots 'undesirable' behaviour and long-distance facial recognition software was on show on Thursday (Jun 8) at a Beijing expo attended by hundreds of companies - many blacklisted by the United States for their alleged role in repression in China and abroad. The three-day Security Chin
Read more »
South Korea, Taiwan stocks bag huge foreign inflow in May on chip demandSouth Korea and Taiwanese equities experienced a huge influx of foreign investment during May, driven by a surge of interest in artificial intelligence (AI) and the subsequent demand for shares of hardware exporters in the region. Data from stock exchanges in South Korea, Taiwan, India, Indonesia, the Phi
Read more »