4.9% Increase of CPI in August
National Bureau of Statistics yesterday announced the major economic data in August. Among which, CPI roses rose 4.9%; from the monthly link relative ratio, it fell 0.1% PPI rose 10.1%. From January to August, urban fixed asset investment was 8.492 trillion yuan, which increased 27.4% compared with the same period last year.
The Increase of CPI Slows Down
The increase of CPI in August was only 4.9%, which greatly overstepped the return anticipation in the market. Moreover, some experts have predicted that CPI would continue to decline.
Investment Strategy shall be changed as the Disclosure of CPI
National Bureau of Statistics yesterday announced economic data in August. The strategy analyst of Changjiang Securities Research Department, Li Maoyu says that CPI now has not great influence on the market, while PPI becomes the most hidden trouble on impacting the share market.
Other News:
A：Ministry of Finance will exempt the debt of related parties to realize the restricted provisions on the income of debt reorganization.
B：OPEC will cut 520,000 barrels daily output of crude oil in 40 days and strictly limit to output 28.8 million barrels.
C: The purchase rate of Dongfang Yuhong is 0.0047 percent, which not only creates the lowest level since the foundation of small and medium-sized panel, but also set up the lowest purchase return rate of new share among all the listed shares after the breakaway of new and old shares.
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