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In May, consumer prices in China rose in annual terms by 1.8% in the same way as in April, according to the Office for National Statistics of China. May inflation coincided with forecasts of analysts. Food products went up by 0.1% after appreciation of 0.7% a month earlier. The rise in prices for non-food items accelerated to 2.2% in annual terms from 2.1% in April. The CPI index fell by 0.2% after a decrease of 0.7% a month earlier. Raw materials rose in price by 7.4% after the rise in prices by 5.7% in the previous month. Excluding the price of food and energy, the index rose in May by 1.9% in annual terms after rising 2% in April. The increase in producer prices accelerated to 4.1% from 3.4% in April.
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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