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Consumer prices in China rose in March compared to the same month of 2018 by 2.3%. As shown by data from the National Bureau of Statistics, inflation accelerated compared with its February value of 1.5%. The largest price increase was recorded among food products, which grew in price by 4.1%. The rise in prices for non-food items was at the level of 1.8%, including the price of clothes, which rose by 2%, household goods - by 1.2%. Official data also showed a rise in producer prices last month by 0.4%, while a month earlier the figure rose by only 0.1%. Pressure on producer prices in March had an increase in the cost of oil. Data on consumer prices and producer prices coincided with market estimates.
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 ...
KYC Policy