Chinese inflation continued to increase last month as devastating floods drove up the price of food as crops were wiped out. According to the National Bureau of Statistics (NBS), the closely-watched consumer price index rose 3.3% in July against 2.9% in June. A spokesperson for the Bureau said the rise was primarily due to “dramatic [...]
It appears the world’s third largest economy is cooling after official figures revealed Chinese annual GDP slowed from 11.9% in the first quarter to 10.3% in the March to June period, the National Bureau of Statistics (NBS) said today.
The reading was marginally lower than the 10.5% expected by analysts.
China’s economy has been growing at [...]
Official data today revealed Chinese consumer prices reached a 16-month high last month – the fourth straight monthly rise.
The National Bureau of Statistics said consumer price inflation rose to 2.7% in February compared with a year earlier and up from 1.5% in January.
Analysts had expected a rate of 2.3%.
As a result, some economists believe the [...]
There is more good news for the world’s third largest economy today after China’s National Bureau of Statistics revealed a surge in industrial output.
Industrial output rose to a 19-month high of 16.1% in October compared with a year earlier, exceeding market forecasts of 15.5%.
Last month, official figures revealed that Chinese GDP growth surged to 8.9% [...]