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 Loan Prime Rates Unchanged As Expected
The People's Bank of China left its benchmark lending rates unchanged on Wednesday as it monitor the impact of recent policy adjustments. The PBoC maintained its one-year loan prime rate at 3.10 percent. Likewise, the five-year LPR, the benchmark for mortgage rates, was retained at 3.60 percent. The bank had cut its both LPRs by 25 basis points each in October.
RTTNews | 1 day ago
China Industrial Output Rises Less Than Forecast; Retail Sales Growth Accelerates
China industrial production growth slowed unexpectedly in October and the decline in property investment deepened but retail sales growth accelerated as recent stimulus measures strengthened consumer sentiment. Industrial production posted an annual growth of 5.3 percent in October after rising 5.4 percent in September, the National Bureau of Statistics said Friday.
RTTNews | 6 days ago
China Industrial Output Rises 5.3% On Year In October
Industrial production in China was up 5.3 percent on year in October, the National Bureau of Statistics said on Friday - slowing from 5.4 percent in September and missing expectations for 5.5 percent.
RTTNews | 6 days ago
