Asia News

China inflation ceases with reduction in food prices

Reported from Beijing, in February, China experienced a steep fall in their inflation rate. This proved to be helpful for Beijing to pull up their economy instead.

The consumer inflation rate went down by 3.2 per cent which is reportedly the lowest in the last twenty months. Politically sensitive foods got a cost cut by 6.2 per cent, which was ven more than the former’s rate.

The World Bank and Monetary Fund have given a warning message to China and other developing countries that they must be ready for an international slowdown in the current year.

Alaistair Vhan of Moody’ Analytics said that, the February reports of china’s price data implements that the inflation is moving down gradually. So, this will help the government to ease a financial policy.

For a communist party inflation is harmful. This is because it erodes the financial profits based on which the party runs a monopoly on power.

Lei Shujie is a freelance designer. She comments that eating out at restaurants has become havoc since the restaurants have started cutting down on meal sizes to cope up with rising markets.

The World Bank had also fired a warning previously that a global slump would be on the queue, that is even more running than the 2008 disaster.




JIT Mukherjii
After completing his MBA in Financial Management, he decided to shift to writing and took it as his full time career. Being the Editor-in-chief of this web magazine, he has got diverse interest in the field of politics and business related matters.

One Reply to “China inflation ceases with reduction in food prices

  1. Yes, I am now in china and found their present and future business plans are much more stronger than any other country in the world. They are handling their inflation problem very technically and that’s why they don’t have economic crisis like any other western country.

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