China Inflation Slows by Most Since 2009

[Slimprofits]

http://www.bloomberg.com/news/2011-1...ry-policy.html

Consumer prices rose 5.5 percent in October from a year earlier, the statistics bureau said on its website today. The 0.6 percentage point decline from September’s rate was the biggest since February 2009. Producer prices rose 5 percent last month, less than any of 24 analysts forecast.

[..]

The government raised subsidies for farmers to increase food supplies, reduced transport charges to limit costs and told companies to refrain from putting up prices. The National Development and Reform Commission told liquor makers including Kweichow Moutai Co. and Wuliangye Yibin Co. in September to hold off planned price increases of as much as 30 percent.

Falling costs for commodities such as oil and an improved supply of pork are helping to ease price pressures even as the government is set to miss its full-year inflation target.

Gasoline and diesel prices were cut by 3.5 percent and 3.9 percent respectively on Oct. 9 for the first time this year after crude oil costs dropped. An index of manufacturers’ input prices fell the most in 17 months in October, China’s logistics federation and the statistics bureau said on Nov. 1.

[thriftyandboringinohio]

Re: China Inflation Slows by Most Since 2009

Should we believe official Chinese economic statistics?

[astonas]

Re: China Inflation Slows by Most Since 2009

Should we believe official Chinese economic statistics?

Never. But it is good nonetheless to see what they wish the world to believe.

[touchring]

Re: China Inflation Slows by Most Since 2009

Should we believe official Chinese economic statistics?

As reliable as Beijing government pollution index.

[Slimprofits]

Re: China Inflation Slows by Most Since 2009

As reliable as Beijing government pollution index.

What about this, a lie?

Gasoline and diesel prices were cut by 3.5 percent and 3.9 percent respectively on Oct. 9

[touchring]

Re: China Inflation Slows by Most Since 2009

What about this, a lie?

China ain't free market economy. Imports and gas prices are controlled by the state. While America tries to import everything from China, China tries as hard as possible not to import from the US.

http://www.cattlenetwork.com/cattle-...133470893.html

Pressured by herd liquidation, prices for slaughter-ready hogs in China recently fell to about 17.4 renminbi per kilogram, or about $1.24 a pound, according to Rabobank. That’s down from a record 19.9 renminbi late this summer. By comparison, slaughter hogs in the U.S. are currently about 66 cents a pound, according to USDA reports.


China’s meat demand grew rapidly in recent year as its economy expanded and incomes for many of its more than 1.3 billion people increased. While the country’s hog industry has also grown, small, “backyard” farming operations still account for about a third of China’s overall pork supply, and limited access to land and capital held back further expansion, according to Rabobank.

As unbelievable as you may think, domestic prices of meat and some produce in China are actually higher than outside of China. Here I am referring to "real food", not grow hormone and antibiotics laced meats, fruits and vegetables. Chinese consumers in Shenzhen go across the border to Hong Kong to buy cheaper foods and consumer products. As China increase import quotas are raised, domestic prices will drop.