国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

   

Another interest rate hike depends on CPI

By Shangguan Zhoudong (chinadaily.com.cn)
Updated: 2007-06-06 09:59

China's central bank governor Zhou Xiaochuan said on June 5 that the central bank still needs to look at the overall consumer price index (CPI) for May to decide its next policy moves, according to China Central Television (CCTV).

Zhou's comments are in response to speculation by some media outlets that the central bank may raise lending and deposit rates due to increasing pork and egg prices.

"We paid attention the increasing price of pork," Zhou said yesterday, noting that food prices have a heavy impact on the CPI, the May figures of which are due to be announced early next week.

Statistics from the Ministry of Commerce showed wholesale pork prices in 36 major Chinese cities in early May climbed 43 percent from a year earlier. Egg prices rose 31.6 percent year on year.

Other statistics reflect the trend of rapid economic growth.

China's urban fixed asset investment grew 29.6 percent in the first four months of 2007, compared to the same period a year earlier, according to the National Development and Reform Commission (NDRC), China’s top economic planner.

Property prices in China's 70 major cities rose 5.4 percent in April from the same month last year, slowing slightly from March's 5.9 percent rise, NDRC statistics show.

Related readings:
 China to raise interest rates again - survey
 Let interest rates play their role in economy
 Central bank raises interest rates, reserve requirements
 
Cooking oil price to rise by 10%

Some major cities continued to post large gains in April, with residential property rising 12.8 percent in Shenzhen and 9.4 percent in Beijing. Residential property prices rose 12.6 percent in Shenzhen and 9.0 percent in Beijing in the first quarter.

The CPI rose 3.3 percent in March and 3 percent in April, reaching the 3 percent benchmark that had been set by the central bank.

The People's Bank of China last month raised the key one-year deposit rate by 0.27 percentage points to just above April's inflation rate of 3 percent.

The central bank has already raised interest rates twice this year and five times required commercial banks to set aside more money as reserves to cool inflation, fixed-asset investment and stock market speculation.


(For more biz stories, please visit Industry Updates)



桓仁| 博湖县| 焦作市| 安义县| 抚顺市| 左贡县| 南澳县| 白城市| 眉山市| 阳曲县| 荆门市| 隆德县| 梅河口市| 乌鲁木齐市| 井陉县| 社旗县| 策勒县| 东台市| 益阳市| 安康市| 壶关县| 嘉祥县| 延川县| 神池县| 乐清市| 徐闻县| 昆明市| 陇西县| 静海县| 平顺县| 漠河县| 大安市| 孙吴县| 克什克腾旗| 登封市| 南雄市| 桐梓县| 兴义市| 罗甸县| 永福县| 岳阳市|