Low-level inflation in China as industrial growth continues

September 11, 2010 08:58
1 minute read.


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

BEIJING — China's inflation edged higher in August as the nation's worst flooding in a decade drove an increase in food costs and industrial growth continued to quicken.

Consumer prices rose 3.5 percent in August compared with a year earlier, the National Bureau of Statistics announced Saturday. It was the highest level in 22 months and a small increase over July's 3.3 percent.

Much of the increase was fueled by a jump in food prices, which rose by 7.5 percent because summer storms and floods ruined crops and disrupted shipping.

Overall, the country's Consumer Price Index, increased 2.8 percent year-on-year in the first eight months of 2010, said Sheng Laiyun, the NBS spokesman. The Chinese government had set a target of trying to keep inflation within 3 percent for the year.

Industrial growth accelerated slightly to 13.9 percent year-on-year in August from July's 13.4 percent increase as China's recovery continues.

"For the past three months, it has fluctated between 13 percent to 14 percent so it's obvious that industrial operations have shifted from fast growth to stable growth now," Sheng said.

All 39 industries saw year-on-year growth in August, with textiles up 11.6 percent; chemical materials and products up 12.9 percent; general equipment manufacturing up 20.1 percent, and transportation equipment manufacturing up 16.6 percent, Sheng said.

Related Content

Breaking news
August 18, 2018
U.N. chief suggests options for improved Palestinian protection