三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

  Home>News Center>China
       
 

China consumer prices hit seven-year peak
(Agencies)
Updated: 2004-06-11 15:43

China's consumer prices rose at an annual rate of 4.4 percent in May, the fastest increase in seven years, largely due to a jump in food prices, the government reported Friday.

Investment growth in construction, factory equipment and other fixed assets rose just 18.3 percent, well below the 34.7 percent increase reported in April, China Central Television (CCTV) reported.

The fixed assets investment total for May has not yet been officially reported by the National Bureau of Statistics. But such a sharp slowdown would show that efforts to curb lending and shrink public spending on big projects may be taking effect.

The jump in the consumer price index, main barometer of inflation, was the 18th straight month of increases, the statistics bureau said. The index rose at an annual rate of 3.8 percent in April, and by 2.8 percent in the first three months of the year.

The surge was largely due to a jump in food prices. Grain prices soared by an annual rate of 32.3 percent, edible oil prices were up 24.6 percent, and prices for fresh fruits, meat products and eggs all rose by about 20 percent.

Prices for many industrial goods fell slightly, while prices paid for housing and utilities were higher.

Officials worry that surging economic growth could set off even faster price rises, which in turn could trigger financial problems and potentially destabilizing social unrest. But May's increase was expected, since declines in demand for key commodities are likely to lag behind any slowdown in investment.

Authorities have tried to shrink bank lending and are discouraging new investment in industries such as steel, where overcapacity is feared.

Central bank officials have said they would consider more severe measures to cool the economy, such as an interest rate hike, if the inflation rate hits 5 percent.

Consumer prices rose at an annual rate of 1.2 percent in 2003. The government says it intends to keep the full-year increase for 2004 within 3 percent.

China's economy grew at an annual rate of 9.7 percent in the first quarter of the year, and is expected to expand by 9.8 percent for the first half _ well above the government target of 7 percent for all of 2004.

Reflecting strong consumer confidence in the economy, China's retail sales rose 17.8 percent in May over a year earlier to 416.6 billion yuan (US$50.4 billion), the statistics bureau reported.

In April, retail sales rose at an annual rate of 13.2 percent.

 
  Today's Top News     Top China News
 

China vows more strikes against terrorism

 

   
 

Japan sending chemists to analyze bombs

 

   
 

China's panda population up 40%

 

   
 

Industries cool down growth

 

   
 

Bush: New NATO troops in Iraq not likely

 

   
 

Tens of thousands mourn Reagan in DC

 

   
  FM: China will not surrender to terrorism in any form
   
  China, Hungary sign joint statement
   
  Slain workers identified; 2 suspects nabbed
   
  China moves to build a green cyber space
   
  Man gets 3-year imprisonment for subversive web posts
   
  10 trapped miners in Beijing die
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  News Talk  
  When will china have direct elections?  
Advertisement
         
主站蜘蛛池模板: 午夜亚洲国产成人不卡在线 | 中文字幕一区在线观看 | 成人免费久久精品国产片久久影院 | 欧美日韩久久中文字幕 | 久青草视频在线 | 亚洲精品中文字幕午夜 | 亚洲一区二区三区四区在线观看 | 亚洲精品欧美综合 | 午夜视频久久 | 久草视频福利在线观看 | 欧美精品国产日韩综合在线 | 午夜视频黄色 | 亚洲第一黄网 | 狠狠色丁香久久婷婷综合五月 | 一级特黄aaa大片在 一级特黄aaa大片在线观看 | 成人福利网址永久在线观看 | 国产成人免费手机在线观看视频 | 爱福利极品盛宴 | 国产在线观看精品 | 亚洲国产精品成人综合久久久 | 国产91久久精品一区二区 | 91久久免费视频 | 欧美成人午夜视频免看 | 欧美日韩在线播放一区二区三区 | 亚久久伊人精品青青草原2020 | 大片免费观看入口 | 国产高清在线观看 | 国产乱视频在线观看播放 | 欧美精品日本一级特黄 | 麻豆传媒入口直接进入免费版 | 欧美激情视频网址 | 十六一下岁女子毛片免费 | 国产成年女人免费视频播放a | 亚洲欧美日韩中文字幕在线一 | 亚洲欧美久久婷婷爱综合一区天堂 | 成人伊人青草久久综合网破解版 | 欧美亚洲精品一区二三 | 三级黄色片a | 五月婷婷精品 | www草逼| 香蕉香蕉国产片一级一级毛片 |