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There are few factors that would continue to push up inflation except for food, he said. A
uthorities have vowed to keep the country’s monetary policy prudent and will not resort to excessive m上海千花网女神会所
oney supply to stimulate economic growth, thereby helping to stabilize prices, Liu said.
上海千花网Li Chao, chief economist at Huatai Securities, said that the July readin
g may be the highest this year because prices of most items have remained stable or we
akened. As the momentum of price increases for fruit and pork is expected to weaken, CPI growth may trend down in t上海千花网女神会所
he August-October period. “We think the price rise pressure remains controllable,” he said in a research note.
The stable inflation level will not have a significant bearing on monetary policymaking, said Liu of CUFE.
上海千花网But Liu also warned that policymakers should closely monitor the food
price changes and ensure stable food supplies to iron out major price fluctuations.上海千花网
The producer price index, which measures factory-gate prices and co
ncerns corporate profitability, dropped by 0.3 percent year-on-year in July, the NBS said.上海千花网
The fall reflects the easing of GDP growth, which slowed to 6.2 percent year-on-year in the second quarter.
上海千花网女神会所”The fall is in line with market expectations,” said Zhu Jianfang and Liu Boyang, economists at CITIC Securities. The c
ountry’s environmental protection measures, which reduce production capacity, may help bolster PPI in the com
ing months, but the situation will not improve significantly, they said in a research note.上海千花网
Online media registration for the second China International Import Expo opened on Fri
day. The registration system at media.ciie.org will be accessible until September 30.
上海千花网女神会所When registering for a media pass, foreign journalists who will be travelling to China to cover the ev
ent need to specify their outlet in the “foreign media organizations” listing under the media organization categ
ory, and select the “foreigners for temporary stay in China” option when entering their personal information.