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Consumer prices pop in China

Published 03/09/2018, 04:49 AM
Updated 03/09/2018, 04:49 AM
© Reuters.  Consumer prices pop in China
  • Consumer prices in China increased 2.9% in February to top the 2.5% consensus estimate of economists and almost double the 1.5% rise in January.
  • The CPI jump was the strongest recorded in the nation since 2013.
  • Strong consumer demand around the Chinese New Year and rising food prices are being attributed as the main drivers of inflationary pressure during the month.
  • "When we’re pursuing quality-oriented growth, we’ll depend less heavily on the credit-based growth model," said PBOC Governor Zhou Xiaochuan in Beijing.
  • ETFs: FXI, YINN, YANG, MCHI, GXC, FXP, PGJ, CN, TDF, CHN, CXSE, XPP, FCA, YAO, YXI, GCH, JFC, KGRN, FLCH, WCHN
  • Now read: Chart Of The Week: China Property Outlook


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