LINE

Text:AAAPrint
Economy

China's consumer inflation steady amid firming economy(2)

1
2017-04-12 16:33Xinhua Editor: Mo Hong'e ECNS App Download
A saleswoman arranges vegetables at a supermarket in Hejian City, north China's Hebei Province, April 12, 2017. China's consumer price index (CPI), a main gauge of inflation, grew 0.9 percent year on year in March, the National Bureau of Statistics announced on April 12. (Xinhua/Zhu Xudong)

A saleswoman arranges vegetables at a supermarket in Hejian City, north China's Hebei Province, April 12, 2017. China's consumer price index (CPI), a main gauge of inflation, grew 0.9 percent year on year in March, the National Bureau of Statistics announced on April 12. (Xinhua/Zhu Xudong)

The central bank has vowed to pursue a "prudent and neutral" monetary policy in 2017, promising better adjustments to ensure stable liquidity.

The upbeat data and the recent U.S. interest rate hike has prompted the PBOC to tilt toward tightening in the near term. The bank skipped open market operations of reverse repos Tuesday, for the fifth consecutive business day, siphoning liquidity from the market.

China lowered its 2017 growth target to around 6.5 percent, the lowest target in a quarter of a century, as the government leaves leeway for economic rebalancing.

Goldman Sachs forecast in its report that the Chinese economy was likely to remain solid in the first quarter, growing 6.8 percent from a year earlier.

  

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.