China's January factory gate prices fell more than economists expected, suggesting that flashes of domestic demand that had stoked consumer prices after the zero-COVID policy ended are not yet strong enough to rekindle upstream sectors.
Economists expect the cost of living in China will pick up over the coming months now that its zero-COVID policy has been abandoned, with inflation approaching the target of about 3% that the government set last year.
Julian Evans-Pritchard, senior China economist at Capital Economics, cited large falls in energy and chemicals prices and waning supply chain disruption as factors behind the factory gate price decline.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
China Consumer Price Index a touch lower than estimates, AUD eyed for reactionThe Consumer Price Index released by the National Bureau of Statistics of China has been released as follows: China January CPI +0.8 pct from previous
Les mer »
China: Tesla Improved Retail EV Sales In January 2023New data reveals that Tesla really increased retail sales of electric cars in China last month and also maintained a similar export level as a year ago.
Les mer »
No new variants emerged from China’s Covid outbreak, study findsA genomic analysis found that all infections in Beijing belonged to existing Covid variants, according to a Chinese-funded study published in The Lancet.
Les mer »
World should 'calm down' about China COVID variants - Chinese scientistThe world should 'calm down' about the possibility of new COVID-19 variants circulating in China, leading Chinese scientist George Gao said.
Les mer »
The One Silver Lining Out of China’s Latest COVID OutbreakA new study suggests that the vast majority of infections were caused by existing variants—and not some super-Kraken strain that the rest of the world has yet to experience.
Les mer »