China ’s CPI rebounding economic signs in August showed signs of stability

In August, China's residents' consumer price (CPI) rebounded, industrial producer's factory price index (PPI) decline was narrowing, and the signs of economic stability are appearing.

China National Bureau of Statistics announced on Saturday (September 9) that the national CPI in August rose 0.1%year -on -year, reversing the decline of 0.3%year -on -year CPI in July.The core CPI of food and energy prices rose 0.8%year -on -year.

Data show that food prices in August decreased by 1.7%year -on -year, and non -food prices rose by 0.5%; consumer goods prices fell by 0.7%, and service prices rose 1.3%.1shy; Shy; average from month to August, consumer prices across the country rose 0.5%over the same period last year.

On the other hand, affected by factors such as improvement of some industrial products and rising international crude oil prices, the PPI in August fell by 3.0%year -on -year, lower than the 4.4%decline in July, and increased by 0.2%month -on -month.

Dong Lijuan, chief statistician of the Urban Division of the National Bureau of Statistics of China, interpreted that in August, the CPI reversed the decline, showing that the consumer market continued to recover, and the supply and demand relationship continued to improve.

Zhou Hao, the chief economist of Guotai Junan, believes that the above data shows that the inflation of the Chinese economy has improved, and the economy is slowly and gently recover.

Trade data released by China on Thursday (September 7) shows that China ’s exports have declined for four consecutive months but their declines have narrowed.According to Reuters, a number of economic data in August improved, indicating that the Chinese economy may have stabilized.Bloomberg also believes that some economic fields in China may undergo a rebound.

Australian and New Bank analysts said in a report: "With the preliminary signs of stabilizing economic growth, we believe that (China's economy) shrinking pressure is alleviating."

However, analysts believe that under the circumstances where the recovery of the labor market and uncertain family income expectations, the Chinese government still needs to adopt more policy measures to boost consumer confidence.