China's CPI consistent composite index slows down in the third quarter

Source: Internet
Author: User
Keywords Loans inflation
Tags agency consumer consumer prices continue credit data high index

China News agency, Beijing, October 30 (Xinhua) China's central bank 30th released data showing that the three-quarter Chinese CPI consistent composite index slowed down, showing bottoming out, the central bank expects CPI to begin to rebound after the end of this year, inflation expectations continue to strengthen, but credit will remain high.  The central bank said that the three quarter CPI (consumer prices) year-on-year decline in the last quarter narrowed, the chain and the last quarter, two will become the bottom of the downward trend CPI, and PPI (industrial factory price) will be in the three quarter bottoming. The quarterly survey of depositors showed that residents ' expectations for future prices rose by 66.7%, rising for three consecutive quarters, while residents ' inflation expectations continued to strengthen. Residents ' willingness to invest has been rising and savers ' willingness to cut their holdings.  In the same period, the banker confidence index was over 55%, a sharp rebound from last quarter 15.4%. Third-quarter domestic demand higher, consumption growth, export improvement. High investment operation, in the quarter of the real investment in fixed assets increased by more than 41%, the first nine months of urban New start Project plan total investment compared to the same period last year 83%.  In addition, the export chain has been growing for the first time since the second half of last year. But the money supply remained high in the first nine months, and credit was generally loose.  The central bank expects loan demand to remain stable as the upfront projects still require large credit funds to be maintained and real estate investment heats up. Structure, medium and long-term loans are expected to continue to increase significantly, Bill financing will continue to decline, SME loans and "three rural" (agricultural, rural and household) loans will increase. Finish)

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