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In April, the annual consumer price inflation in China was 2.5%, having accelerated from March's value of 2.3%, data from the National Bureau of Statistics showed. Inflation reached its highest level since October 2018 amid rising food prices. Food prices rose by 6.1% compared with the same month a year earlier, after a 4.1% increase in March. The cost of fresh vegetables jumped 17.4%. Non-food prices rose in April to 1.7% from 1.8% in the previous month. The clothes went up by 1.8%, household goods - by 1.1%. Statistics also showed accelerated growth in producer prices. In April, they rose 0.9% after rising 0.4% in March. The main reason for the increase in the rate was the increase in the cost of oil and other commodities.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
The dollar was under pressure on Monday as the escalating U.S.-China tensions weighed on the market, while investors worried that the U.S. coronavirus resurgence could stall economic recovery. The dollar fell to a four-month low on the yen ...
Oil prices rose on Friday as the dollar dropped to a near two-year low, but demand worries amid rising coronavirus cases and the worsening U.S.-China tensions capped gains. Brent crude gained 0.4%, or 15 cents, at $43.46 per barrel. U.S. West ...
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