Earth Science News
TRADE WARS
China consumer prices rise at faster rate in April
China consumer prices rise at faster rate in April
by AFP Staff Writers
Beijing (AFP) May 11, 2024

China's inflation rate quickened last month, official data showed Saturday, as the government works to boost spending in the world's second-largest economy.

The consumer price index (CPI) rose by 0.3 percent year-on-year in April, staying in positive territory for the third straight month, according to the National Bureau of Statistics (NBS).

The figure was higher than the 0.2 percent rise forecast by Bloomberg analysts and up from a 0.1 percent increase last month.

"In April, household consumption demand continued to rebound... and the year-on-year increase expanded," the NBS said in a statement.

However, factory gate prices remained mired in a deflationary run that has persisted since the end of 2022.

The producer price index sank by 2.5 percent year-on-year, the NBS said.

Chinese policymakers have repeatedly tried to get consumers to open their wallets but the results have so far been mixed.

A debt crisis in the real estate sector and high unemployment are weighing on the economy and contributing to a slump in demand.

Beijing has set a target of around five percent GDP growth this year but has acknowledged that achieving it will "not be easy".

Related Links
Global Trade News

Subscribe Free To Our Daily Newsletters
Tweet

RELATED CONTENT
The following news reports may link to other Space Media Network websites.
TRADE WARS
London, Frankfurt hit records as rate hopes boost markets
Hong Kong (AFP) May 10, 2024
Growing hopes that the US Federal Reserve and other central banks are close to cutting interest rates helped push London and Frankfurt to records Friday, while Asian markets also chalked up healthy gains. Traders tracked gains in New York and Europe as they cheered fresh US data indicating the labour market was beginning to soften, giving central bankers room to ease monetary policy. The forecast-beating figures showing that unemployment claims rose to their highest level since August followed l ... read more

TRADE WARS
Rescue operations continue in flooded southern Brazil despite new rain

In south Brazil, race to deliver aid ahead of new storms

2023 'year of record climatic hazards' in Latin America: UN

UK's Cameron calls for Israel to produce 'clear plan' for Rafah

TRADE WARS
Microsoft, Amazon to invest billions in French tech

Transforming iron-based alloys into advanced thermoelectric materials with brief heat treatment

High-throughput device streamlines advanced material synthesis

NASA Grants Licenses for Advanced 3D-Printable Superalloy to American Firms

TRADE WARS
Manta Ray UUV moves closer to operational readiness after successful tests

Costa Rica to ration electricity as drought bites

Famed Thai holiday isles suffer water shortages after heatwave

Flood-hit Kenya pays tribute to victims of dam burst

TRADE WARS
Ritacuba Blanco: death of a Colombian glacier

Emperor penguins perish as ice melts to new lows: study

West Antarctic ice shelf stability threatened by feedback loop

New geological map redefines understanding of Greenland's subterranean rocks

TRADE WARS
Polish farmers protest 'harmful' EU environmental rules

Brazil floods strike blow to powerful agriculture sector

Scientists win World Food Prize for work on Global Seed Vault

Mongolia's wildlife at risk from overgrazing

TRADE WARS
'They drowned together': Lives swept away by Afghanistan floods

More than 300 dead in Afghanistan flash floods: WFP

Fresh rains pound Brazil's flood-hit south as evacuations double

Volcano in eastern Indonesia erupts, alert level raised

TRADE WARS
EU not renewing Mali military training mission

Kenya sanctuaries toil to save birds of prey from extinction

Niger receives new Russian advisors, equipment

Russian troops deploy to Niger base housing US soldiers: Pentagon

TRADE WARS
Chimps learn and improve tool-using skills even as adults

Exploring the Socioeconomic Drivers Behind Plummeting Fertility Rates

A world with fewer children? Addressing the despair behind declining fertility

Artist graffitis famous painting by French master

Subscribe Free To Our Daily Newsletters




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.