China CPI eases to 4% in October
www.chinaview.cn 2008-11-11 10:10:28   Print

    BEIJING, Nov. 11 (Xinhua) -- China's consumer price index (CPI), the main gauge of inflation, rose 4 percent in October from a year earlier, the National Bureau of Statistics said on Tuesday.

    The figure, compared with 4.6 percent in September, 4.9 percent in August, 6.3 percent in July, 7.1 percent in June, and a nearly 12-year-high of 8.7 percent in February, was broadly in line with most forecasts.

 

China plans 10 major steps to spark growth as fiscal, monetary policies ease

    BEIJING, Nov. 9 (Xinhua) -- China will take 10 major steps to stimulate domestic consumption and growth as it turns to an "active" fiscal policy and "moderately easy" monetary policy, an executive meeting of the State Council said on Sunday. Full story

China's 4 trillion yuan stimulus to boost economy, domestic demand

    BEIJING, Nov. 9 (Xinhua) -- China said on Sunday it will loosen credit conditions, cut taxes and embark on a massive infrastructure spending program in a wide-ranging effort to offset adverse global economic conditions by boosting domestic demand.

    This is a shift long advocated by analysts of the Chinese economy and by some within the government. It comes amid indications that economic growth, exports and various industries are slowing. Full story

China adopts "active" fiscal, "moderately easy" monetary policies to boost economy

    BEIJING, Nov. 9 (Xinhua) -- China has decided to adopt active fiscal policy and moderately easy monetary policies to boost fast but steady economic growth by expanding domestic demand, according to an executive meeting of the State Council on Sunday.

    It is estimated that investment into infrastructure, social welfare and other key sectors will amount to four trillion yuan by the end of 2010. Full story

China's VAT reform to shed corporate tax burden by 120 bln yuan

    BEIJING, Nov. 9 (Xinhua)-- China announced on Sunday it would spread a reform of its value-added tax regime to all industries nationwide, which could cut the tax burden on enterprises by 120 billion yuan (about 17.6 billion U.S. dollars).

    The reform would help encourage technological upgrading at Chinese companies, said an executive meeting of the State Council, which also put forward a stimulus package of 4 trillion yuan to be spent by the end of 2010 to expand domestic demand. Full story

China PPI falls to 6.6 % in October

    BEIJING, Nov. 10 (Xinhua) -- China's producer price index (PPI), rose at a slower annual rate of 6.6 percent in October, the National Bureau of Statistics (NBS) announced on Monday.

    The rise in factory gate prices was down from 9.1 percent in September and the 12-year high of 10.1 percent in August. Full story

Editor: Wang Hongjiang
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