. Earth Science News .
TRADE WARS
China consumer and producer inflation rise
by Staff Writers
Beijing (AFP) May 9, 2019

Factory and consumer inflation in China picked up in April, a positive sign for the world's number two economy, though analysts warned real demand remained subdued.

Beijing has struggled to get prices to rise in recent months, with both measures staying stubbornly low as global growth cools leading to weak demand and a trade war with the US festers.

Data released Thursday showed the consumer price index (CPI) -- a key measure of retail inflation -- rose 2.5 percent on-year last month, up from 2.3 percent in March.

The gain came on the back of soaring pork prices -- rising 14.4 percent on-year -- owing to an outbreak of African swine flu in China that has led to the culling of a million pigs.

Prices of other fresh meats, fruit and vegetables also increased.

"We believe the rapid spread of African Swine Fever since August 2018 could help push up pork prices by another 40 percent over the next six months," said Lu Ting of Nomura bank.

"The rise of CPI inflation is being driven by a surge in pork prices as a result of a supply shock," he said in a research note.

The producer price index (PPI) -- an important barometer of domestic demand -- climbed 0.9 percent, from 0.4 percent in March.

The CPI reading was in line with forecasts in a Bloomberg survey while the PPI reading came in above the forecast 0.6 percent.

Still economists remain sceptical about China's outlook.

"Both official measures of inflation picked up last month but this shouldn't be interpreted as evidence of stronger domestic demand," said Julian Evans-Pritchard of Capital Economics, noting key drivers of the upswing included higher pork, iron and oil prices.

"But with core CPI moving in the opposite direction, there are still few signs of a demand-driven pick-up in inflationary pressures," said Evans-Pritchard.

Growth in the first quarter stabilised at 6.4 percent in China after falling to 6.6 percent last year, its lowest annual rate in almost three decades.

"We believe a double dip of growth is a real risk, and Beijing can't afford to stop easing yet," said Lu of Nomura.


Related Links
Global Trade News


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


TRADE WARS
IMF chief says US-China tensions 'threat' to world economy
Paris (AFP) May 7, 2019
The head of the International Monetary Fund said Tuesday that fresh trade tensions between the United States and China were the main threat to the world economy. "Clearly the tensions between the United States and China are the threat for the world economy," Christine Lagarde told journalists at a conference in Paris, adding that recent "rumours and tweets" made an agreement between the countries less likely. President Donald Trump jolted global markets on Monday by threatening on Twitter that ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

TRADE WARS
Praise for India's response to devastating cyclone

What next for cyclone-hit Mozambique?

Jihadist attacks threaten relief efforts in cyclone-hit Mozambique

Preventing collapse after catastrophe

TRADE WARS
US and Japanese scientists conduct joint composites study

Gold helps CT scans pick up the finest surface structures

Organ bioprinting gets a breath of fresh air

Promising material could lead to faster, cheaper computer memory

TRADE WARS
Data with Flippers? Studying the Ocean from a Seal's POV

Study demonstrates seagrass' strong potential for curbing erosion

Overfishing risks ocean deserts as stocks plummet

Tapping fresh water under the ocean has consequences

TRADE WARS
Alaska's thaw threatens prehistoric sites once frozen in time

Climate change forcing Alaskans to hunt for new ways to survive

Alaska's indigenous people feel the heat of climate change

Pompeo slams China, Russia for 'aggressive' Arctic behaviour

TRADE WARS
Climate extremes explain global crop yield variations

Smart tech the new tool for African farmers

Field experiment finds a simple change that could boost agricultural productivity

Canada ups loans to farmers after China blocks canola

TRADE WARS
Major disaster averted as weakened Fani hits Bangladesh

Mozambique records first cholera cases after Cyclone Kenneth

Cyclone Fani death toll rises to 42 in India, Bangladesh

The village that keeps rising from the volcanic ashes

TRADE WARS
Five Nigerian soldiers killed in Boko Haram attack: army

Boko Haram seizes military base in NE Nigeria: sources

Idjwi, a haven of peace in DR Congo's conflict-ridden east

Benin troops use force to clear protestors, casualties reported

TRADE WARS
Stanford researchers' artificial synapse is fast, efficient and durable

The building blocks for astronomically literate citizens

Middle Pleistocene human skull reveals variation and continuity in early Asian humans

Ancient human relative explains mountain gene mutation









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.