The report predicts that the central bank: CPI to be the bottom end of the third quarter of this year
People’s Bank of China survey released on the 28th Division, “the second quarter 2009 analysis of the macroeconomic situation,” the report predicted that China’s consumer price index (CPI) in the bottom end of the third quarter of this year.
Price trends in the development of the report in part, from the price index, the People’s Bank of the CPI calculation Leading Composite Index is still in a declining phase, the downward trend in prices in recent months will continue; Coincident Composite Index forecast, CPI will be bottom end of the third quarter of this year.
The report notes that in 2009 the People’s Bank of monitoring of the second quarter of 5000 industrial enterprises in product sales price index from the first quarter narrowed to -15.6% -8.9%, there has been a big rebound. The overall global commodity market bottom has picked up momentum, the future of “imported” inflation pressure. At the same time, domestic demand continues to rise, the continuing flow of well-off, inflation is expected to be manifested. Overall, CPI will be stable in the second half, there is likely to rebound.
Report at the same time the trend of China’s economic growth prospects. The report states that the People’s Bank of investigation from the Statistics Division to monitor the economic climate index, the industrial added value of the Coincident Composite Index is still in a declining phase, in the Leading Composite Index also fell, but reduce the drop shows that the future economic trend has stabilized, Coincident Composite Index estimates indicated that the trend of economic recovery.
People’s Bank of entrepreneurs show that the second quarter of macroeconomic heat from the previous quarter’s index increased by 7.8 percentage points to -30.8%, the five-quarter decline in a row after the first rebound. Although still in a recession interval, but cool entrepreneurs macroeconomic concerns significantly weakened. Second quarter business climate index rose 4.6 percentage points sequentially to 12.1% since the end of the quarter by quarter since the third quarter of last year down the momentum.
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