Saturday, April 18th6.2°C
25409
24949

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 TSX15360.55-26.22
S&P CDNX702.85-2.74
DJIA17826.30-279.47
Nasdaq4931.81-75.98
S&P 5002081.18-23.81
CDN Dollar0.8169-0.0001
Gold1204.10+6.10
Oil56.14-0.57
Lumber245.50-9.80
Natural Gas2.641-0.043

 
Okanagan Companies
Pacific Safety0.12+0.00
Knighthawk0.010.00
QHR Technologies Inc1.40-0.01
Cantex0.035+0.005
Anavex Life Sciences0.33+0.02
Metalex Ventures0.075+0.030
Russel Metals27.48-0.23
Copper Mountain Mining1.13+0.01
Colorado Resources0.10-0.00
ReliaBrand Inc0.005+0.001
Sunrise Resources Ltd0.04-0.01
Mission Ready Services0.175-0.010
Decisive Dividend Corporation1.80+0.15

 



25694

FEATURED Property
2192327#1 4450 Postill Drive
4 bedrooms 3 baths
$369,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Calling on your help!

Has the internet flattened prices as predicted? Has the internet created opportunities for your business to find higher priced markets further afield? Is posting prices on your website a good thing o...


Living with Plan B

“It does not do to leave a live dragon out of your calculations, if you live near him.”― J.R.R. Tolkien, The Hobbit Photo: Thinkstock.comHuman beings are optimists by nature. Whether...


Reverse mortgage solution

With the housing and financial markets on solid footing, some retired Canadians may consider cashing in their growing assets to enjoy vacations and major home renovations. Others, on the other hand, a...

_





25633


Member of BC Press Council


25541