Friday, August 28th16.2°C
27271

China's inflation eases in April, giving government more room to stimulate slowing economy

BEIJING, China - China's inflation eased in April, giving the government more leeway if needed to stimulate the slowing economy.

Data on Friday showed consumer prices rose 1.8 per cent over a year earlier, down from March's 2.4 per cent increase. The rise in politically sensitive food prices eased to 2.3 per cent from the previous month's 4.1 per cent.

Lower inflation gives Beijing more room for interest rate cuts or other moves to stimulate the economy after growth declined to 7.4 per cent in the latest quarter.

Chinese leaders have ruled out more stimulus. But in a sign of concern over possible job losses, Beijing launched a mini-stimulus in March based on higher spending on building railways and other public works.

The Canadian Press


Read more Business News




Recent Trending




Today's Market
S&P TSX13848.88+82.21
S&P CDNX551.81+6.24
DJIA16595.17-59.60
Nasdaq4804.21-8.49
S&P 5001984.17-3.49
CDN Dollar0.7555-0.0018
Gold1119.50-5.10
Oil42.99+0.43
Lumber239.80-7.10
Natural Gas2.697+0.033

 
Okanagan Companies
Pacific Safety0.165+0.005
Knighthawk0.010.00
QHR Technologies Inc1.24+0.05
Cantex0.04-0.01
Anavex Life Sciences1.335-0.055
Metalex Ventures0.055+0.000
Russel Metals21.41+0.43
Copper Mountain Mining0.65+0.00
Colorado Resources0.075-0.005
ReliaBrand Inc0.004-0.000
Sunrise Resources Ltd0.025+0.005
Mission Ready Services0.07+0.01
Decisive Dividend Corp2.43-0.18

 



26744

FEATURED Property
2353890303-3220 Skyview Lane
2 bedrooms 2 baths
$299,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Agree to ask questions

Photo: Thinkstock.comThe STORY: I think, said Janet to herself, that I just figured out a solution to my problem of letting the prospect run the meeting.With that thought in mind, she got out of her c...


Your business is not a bank

Photo: Thinkstock.comYour plumbing business is not a bank. But when you are giving terms to customers that exceed what you get from your suppliers, you become one. And every time that someone does not...


Begin with the end in mind

Photo: ContributedWe humans love our dates: birthdays, anniversaries, 9/11, the Ides of March - our lives are intimately woven within the tapestry of the calendar. So it should come as no surprise whe...

_



27313

26509


Member of BC Press Council


27302