Sea review: Foreign media pays attention to China's stable price results, "in sharp contrast to global high inflation"

The latest data released by the National Bureau of Statistics of China on August 10 shows that in July, consumer prices (CPIs) across the country rose 2.7%year -on -year and 0.5%month -on -month; national industrial producers' ex -factory prices (PPI) rose 4.2%year -on -year, a decrease of month -on -month decrease 1.3%. Although China ’s CPI has been upward in recent months, it still runs in a reasonable range. China's stable price results have aroused widespread attention from foreign media.

The effectiveness of China's stable price is not easy, which is even more prominent in the background of the global high inflation. According to data released by the US Department of Labor on August 10, the US CPI increased by 8.5%year -on -year in July this year. Although inflation has declined slightly, it is still at a high level. According to data released by the EU Statistical Bureau at the end of July, the initial value of CPI in the euro zone in July increased by 8.9%year -on -year, climbing to a record high again. American Consumer News and Commercial Channel (CNBC) said that China ’s CPI in July was lower than the 2.9%of the previous expectations of Reuters, and it was far lower than the American inflation level. Reuters has noticed that China's PPI has fallen to the lowest level since February 2021. In another article, Reuters said that China's PPI increase has fallen for several months, "in sharp contrast to the global high inflation." According to Bloomberg, compared with the United States and other major economies, "China's consumer prices are relatively mild."

Under the action of various positive factors, China's prices are expected to maintain stability throughout the year. Reuters quoted the report issued by HSBC, saying that in general, China ’s CPI is still lower than the 3%target set by the People's Bank of China, providing space for its continued loose policies. Bloomberg said that China's core CPI's "uplink space is limited", "with some policy support, the core CPI is still possibility of stability at the current level."

The high fever and the inflation of the high fever have made many central banks have to "walk quickly" on interest rate hikes, and China insists that they do not engage in "big water" and do not exceed currency, and provide more powerful and higher quality support for the real economy. This has become another positive factor in attracting foreign capital. According to the Financial Times, despite the risks, compared with many developed countries and emerging market countries, the Chinese market has unique value to global investors. For example, the central bank of China is the only central bank that has not raised interest rates to suppress inflation. Although the US dollar stronger, the renminbi remained stable.

Preparation/Wang Yiyi

Planning, reviewing school/Niu Ning Maoli

Copywriter/Wu Huimin

Late, operation/Lu Ningyuan

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