China posts fastest GDP growth in 13 years ( 08-01-24 )

China's economy expanded at its fastest pace in 13 years in 2007 even after a slowdown in the fourth quarter, amid rising inflation, official figures showed on Thursday.

Growth Forecast at 11% Next Year ( 07-12-05 )

The economy is expected to grow close to 11 percent next year but inflation will remain a major concern, a top think tank said on Tuesday.

Inflation reaches 6.5% in October ( 07-11-13 )

China's consumer price index (CPI), a main gauge of inflation, rose by 6.5 percent in October compared with the same period of last year, the National Bureau of Statistics said on Tuesday.

Year-on-year Inflation Likely to Be 4.5pct ( 07-11-09 )

China's economic growth is expected to exceed 11 percent for 2007 and growth in the consumer price index (CPI), the main measure for inflation, will be around 4.5 percent year-on-year, the central bank said Thursday. China's trade surpluses will remain large but their growth rate will gradually ease, the People's Bank of China said in its third-quarter monetary policy report. "The inflationary pressure on the whole remains large and attention still needs to be paid to inflationary risks," the central bank said. This indicates further tightening measures, such as interest rate hike, may follow, analysts said, although they were divided on the timing. "The central bank will probably raise the interest rate, given its claim in the report and the expected strong economic indicators for October," said Chen Xingdong, chief economist of BNP Paribas Peregrine Securities. "It will meet with little opposition." The central bank has raised the rate five times this year. "There is room only for once more by the year-end," he said. The market has widely expected CPI growth to rebound after easing to 6.2 percent in September from 6.5 percent in August. Chen said it may reach 6.7 percent in October. Goldman Sachs (Asia) released a report Thursday that pointed to an expected 6.8 percent growth in CPI. Liang Hong and Song Yu, Goldman Sachs economists, also said in the report that two more interest rate hikes are possible by the end of this year. They raised their full-year 2007 CPI forecast to 4.8 percent from 4.5 percent and to 4.5 percent for 2008 from the previous 4 percent. "One reason for the strong CPI growth is that the base figure of last October is low," Chen said. Grain and food prices have rebounded and energy prices continue to rise, which have both contributed to CPI growth. China raised prices of major oil products from November 1, driven by the continually rising oil prices in the global markets. The central bank said another factor for inflation is rising salaries, which will push up overall price levels. Economists expect China's economy will continue to be strong. Fixed-assets investment, money supply and liquidity, apart from trade surplus, will all remain at a high level. The central bank said previous tightening measures need time to materialize. Those factors, coupled with high prices, will add to pressure on policymakers to further tighten the economy.

China's CPI Up 4.1 Pct in First Nine Months ( 07-10-25 )

China's consumer price index, a key inflation indicator, rose by 4.1 percent in the first nine months over the same period last year, the National Bureau of Statistics (NBS) announced on Thursday.

Economist: CPI to keep rising until 2009 ( 07-09-21 )

WB projects China's GDP growth rate at 11.3% for 2007 ( 07-09-13 )

Consumer Price Index (CPI) by Category (2006.10) ( 06-12-05 )

Corporate Goods Price Indices(CGPI) (1999) ( 06-12-05 )

Corporate Goods Price Indices(CGPI) (2000) ( 06-12-05 )

Corporate Goods Price Indices(CGPI) (2001) ( 06-12-05 )

Corporate Goods Price Indices(CGPI) (2002) ( 06-12-05 )

Corporate Goods Price Indices(CGPI) (2003) ( 06-12-05 )

Corporate Goods Price Indices(CGPI) (2004) ( 06-12-05 )

Corporate Goods Price Indices(CGPI) (2005) ( 06-12-05 )

Income of Urban Households by Region (2006.10) ( 06-12-05 )

Indices of Urban Residents’ Confidence on Income and Price Level (2001.1-2001.4) ( 06-12-05 )

Indices of Urban Residents’Confidence on Income and Price Level (2002.1-2002.4) ( 06-12-05 )

Indices of Urban Residents’Confidence on Income and Price Level (2003.1-2003.4) ( 06-12-05 )

Indices of Urban Residents’Confidence on Income and Price Level (2004.1-2004.4) ( 06-12-05 )