11 May 2012 06:28 [Source: ICIS news]
The country’s producer price index (PPI), which is a gauge of wholesale prices, declined by 0.7% year on year, hitting a low since January 2010, NBS data showed.
China’s CPI in the second and third quarters are expected to keep sliding, before rebounding in the fourth quarter, said the chief economist at China’s Bank of Communications, Lian Ping.
“We forecast the average CPI growth in 2012 will be at around 3.3%,” added Lian.
The People's Bank of China, the country’s central bank, said
The downtrend in the economic growth figures were influenced by the country’s macro policies which were aimed at stabilising growth and restructuring the economy, said the deputy dean of the
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|