China's red-hot factory-gate inflation cooled slightly in November, driven by a government crackdown on runaway commodity prices and an easing power crunch, amid Beijing's efforts to lessen the crippling effects of surging costs on the economy.
The producer price index rose 12.9% in November, the National Bureau of Statistics said on Thursday, slower than October's 26-year high of 13.5% but faster than the 12.4% expected in a Reuters poll of analysts.
Factory-gate inflation has sped up since May this year due to soaring commodity prices, piling pressures on downstream businesses to pass on their costs to consumers. While PPI has likely peaked, the rate at which it will slow down is highly uncertain, said Zhou Hao, senior EM economist at Commerzbank.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
China Says U.S. Will “Pay A Price” For Diplomatic Boycott Of Beijing Olympics; Australia Joins Protest; NBC Caught In The MiddleUPDATED: One day after President Joe Biden announced the U.S. would not send diplomats to the Beijing Olympics in February, Chinese foreign ministry spokesperson Zhao Lijian responded. “The U…
Consulte Mais informação »
Biden, under pressure on China, seeks to send a signal with Olympics diplomatic boycottPresident Biden's effort is still being criticized as a half-measure, from both sides of the partisan divide, illustrating the challenge he faces at home as he tries to calibrate effective responses to China's rise as a global power.
Consulte Mais informação »
China Evergrande's snowballing debt crisisSome offshore bondholders of China Evergrande Group did not receive coupon payments by the end of a 30-day grace period on Monday New York time, four people with knowledge of the matter said.
Consulte Mais informação »
Opinion | China Will Soon Lead the U.S. in TechFrom WSJopinion: Beijing pulls ahead in 5G and artificial intelligence, while catching up in semiconductors, write GrahamTAllison and ericschmidt. The question Americans should be asking is: Could China win the technology race?
Consulte Mais informação »
Apple’s ugly China deal mostly bought timeApple could pay an even bigger price for its secret deal in China. Chief Executive Tim Cook signed an undisclosed agreement in 2016 promising Beijing $275 billion of investment in the country over five years in exchange for relaxing pressure on its business, according to a report published on Tuesday. He may have had little choice, but it muddles the return calculus.
Consulte Mais informação »
China is reportedly tightening its grip on tech start-ups trying to tap foreign fundingChina is drawing up a blacklist targeting new companies in sensitive sectors that use the variable interest entity structure, reported the Financial Times.
Consulte Mais informação »