China Inflation Rate YoY
Recreation, Education and Culture Articles make up 13.8%, transport and communication make up 10%, Healthcare and Personal Articles make up 9.6%, Clothing makes up 8.5%, Household Facilities, Articles, and Services makeup 5.6%, and Tobacco, Liquor, and Articles make up the remaining 3.5%. Every five years, the CPI basket is re-evaluated using household polls. According to the National Bureau of Statistics, the revisions reflect changes in spending patterns as well as economic development. In the year 2011 was made the most recent revision.
A higher than expected figure should be seen as positive (bullish) for the CNY while a lower than expected figure should be seen as negative (bearish) for the CNY.
News (CNY)
China Keeps Interest Rates Unchanged
The People's Bank of China maintained its interest rates unchanged for the second straight session on Friday. The PBoC maintained its one-year loan prime rate at 3.10 percent. Similarly, the five-year LPR, the benchmark for mortgage rates, was retained at 3.60 percent. The move was widely expected.
RTTNews | 2 days ago
China Economic Data Offers Mixed Picture
China's official data painted a mixed picture for growth in November as industrial production posted a faster expansion and house prices fell at slower pace, while retail sales growth softened highlighting the need for additional stimulus to retain sustainable growth. Industrial production expanded 5.4 percent from the previous year.
RTTNews | 6 days ago
China Export Growth Weakens; Imports Post Surprise Decline
China's exports growth weakened more than expected in November and imports posted a surprise decline due to the weak domestic demand, highlighting the risk of deepening economic slowdown as the property market has yet to bottom out amid threats of global trade protectionism measures. Exports grew 6.7 percent annually in November, which was weaker than the 12.7 percent increase posted in October
RTTNews | 12 days ago
