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China's inflation eased in August from a 37-month high as the country's economy cooled and global uncertainties lingered.The consumer price index (CPI), a main gauge of inflation, slowed to 6.2 percent in August, the National Bureau of Statistics (NBS) said on Sept 9.
CHINA'S inflation accelerated to a 37-month high in July on surging food costs, putting the government in a tough position with worsening global liquidity in sight.The country's Consumer Price Index (CPI), a main gauge of inflation, surged 6.5 percent in July year-on-year, up from a three-year high of 6.4 percent in June, the National Bureau of Statistics (NBS) said today.
9.5% increase in 2nd quarter despite tightening policiesThe economy grew 9.5 percent in the second quarter, beating expectations and easing concerns over a hard landing amid tight monetary policies targeting high inflation.The growth rate was higher than the 9.3 percent predicted by many economists. Other indicators also point to a soft landing for the economy
China's consumer price index (CPI), the main gauge of inflation, rose 6.4 percent year-on-year in June, the highest level since June 2008, the National Bureau of Statistics (NBS) said Saturday.Of the 6.4 percent CPI growth in June, 3.7 percentage points were contributed by the carryover effect of price increases last year, the NBS said in a statement on its website.
Third increase this year reflects resolve to fight inflation scourgeThe central bank announced on Wednesday that it will increase interest rates, for the third time this year, by 25 basis points. The new rates take effect on Thursday.The rate paid on one-year deposits will rise to 3.5 percent and the rate for one-year loans will rise by the same margin, to 6.56 percent, it said.
The official overseeing Guangdong's small and medium-sized enterprises (SME) denied on Thursday that sweeping SME bankruptcies are taking place in the province, although the businesses are confronted by a number of problems."SMEs in Guangdong are facing increasing difficulties in their production and operation, with rising overall costs and a widening gap in their working capital," said Zhang Wen
Millionaires in the Asia-Pacific region overtook Europe in terms of population and wealth for the first time in 2010, bolstered by economic growth in China and India, according to Capgemini SA and Bank of America Corp.The wealth of 3.3 million high-net-worth individuals in the Asia-Pacific region climbed 12.1 percent last year to .8 trillion, exceeding the .2 trillion accumulated by 3.1 million p
The world's private-sector economy expanded at a slightly faster pace in May, with companies in the emerging powers of China, Brazil and Russia leading the way, a recent business survey showed.JPMorgan's Global All-Industry Output Index, which is based on the results of purchasing managers' surveys of thousands of companies worldwide, rose to 52.6 in May, up from April's 21-month low of 51.8. May




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