SHANGHAI, Sept. 13, 2017 /PRNewswire/ -- China's
producer price inflation indicated firm, consistent growth for the
economy and factory revenues when it increased more than
anticipated to a four-month high last month, spurred by firm growth
in raw resources prices.
With indications that upstream price growth is filtering
through, consumer inflation also grew more than predicted to reach
its highest in seven consecutive months.
An analyst at Shanghai,
China-based investment house Ashton Whiteley, stated
that price increases are still to be considered modest and that
there is little burden on the central bank to further stiffen
policy.
The analyst went on to say that the unanticipated increase in
both producer price inflation and consumer inflation meant that
there was little chance of China
easing its monetary policy before year end.
According to a recent Ashton
Whiteley report, the producer price index of the world's
second largest economy increased by 6.3 percent last month compared
with the same time last year and up 0.8 percent from a month
earlier.
The price data is the latest in a slew of unexpectedly positive
news for China's economy which
has, until now, managed to avoid a slowdown widely predicted by
analysts and commentators worldwide.
Borrowing costs are being pushed upwards by a 12-month long
construction boom, a recovery in exports and a highly resilient
property market which has withstood the dampening effect created by
the tighter regulation of less traditional and riskier types of
finance and investing.
Although last year, China's
economic growth was at its slowest in 26 years, Ashton Whiteley analysts are of the opinion that
if activity continues at more or less the same pace in the
immediate future, economic growth in China could increase for the time in seven
years this year.
Contact - Market Watch Asia -
128 Chaoyang Park S Rd, Chaoyang Qu,
Beijing Shi, China.
media@marketwatch-asia.com
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SOURCE Ashton Whiteley