久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

  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: 精品久久久久久久久免费影院 | 一级毛片aaa | 国产精品99r8在线观看 | 国产精品久久久久久久久福利 | 亚洲an日韩专区在线 | 成人国产精品免费视频不卡 | 久久久成人网 | 亚洲在线视频网站 | 26uuu影院亚洲欧美综合 | 亚洲超大尺度激情啪啪人体 | 久久久久亚洲日日精品 | 成人国产一区二区三区精品 | 亚洲不卡一区二区三区在线 | 长腿校花被啪到腿软视频 | 亚洲欧美日韩成人一区在线 | 欧美一级毛片免费高清aa | 久久精品99毛片免费 | 国产高清晰在线播放 | 精品久久香蕉国产线看观看亚洲 | 男女视频免费观看 | 亚洲精品视频免费观看 | 成人18视频在线 | 99re热这里只有精品视频 | 国产亚洲人成a在线v网站 | 欧美一级第一免费高清 | aaaaaa精品视频在线观看 | 精品国产看高清国产毛片 | 日韩三级中文字幕 | 成年人网站免费 | 亚洲国产高清视频 | 欧美a区 | 亚洲欧美综合久久 | 国产成人综合久久亚洲精品 | 仑乱高清在线一级播放 | 三级美国 | 日韩一区二区三区在线观看 | 国产成人18黄网站免费网站 | 怡红院免费的全部视频国产a | 久久一本色道综合 | 国产成人经典三级在线观看 | 午夜免费69性视频爽爽爽 |