January PPI rose 6.6% year high or normal

According to the Shang National Bureau of Statistics 15th, National industrial producers ' factory prices (PPI) rose 6.6% in January from last year, the highest since April last year. According to reporters, the Bureau of Statistics from the beginning of January this year to implement new industrial producer price Survey System method.　　The original "Industrial Price statistics" was renamed "industry producer Price Statistics", the Bureau of Statistics calculates, using the new weights calculated PPI Total index, slightly lower than the original statistical method 0.05%.　　Some analysts believe that the producer price index rose 6.6% Year-on-year, above market expectations of 0.4%, and higher than last month's 0.7%, suggesting that China still faces a more severe cost-rising pressure.　　At the same time, due to China's economic slowdown in the future is very small, long-term upward pressure on prices, international commodity market prices will remain volatile upward trend, the main means of production price increases pressure. Tan Yaling, dean of China's foreign Exchange Research Institute, argues that the factors that affect PPI are higher in raw material and base values.　　The high oil price in January is a very prominent situation, the current oil price has jumped to 90 U.S. dollars, oil prices will reach 120 U.S. dollars this year.　　It is widely believed that commodity prices continued to rise in recent years, while raw material purchases were more concentrated at the beginning of the year, and rising commodity prices were one of the main factors driving up the January PPI.　　According to the January 2011 trade data released by the customs February 14, imports rose 51% year-on-year, and the market is expected to be only 27%.　　In a report released on February 15, CICC said the general rise in imports and imports of major commodities in January reflected the sustained rally and strong domestic demand in international commodity prices since December last year.　　According to customs statistics, China's iron ore imports increased by 47.9% in January, soybean imports grew by 26%, electromechanical products and automotive imports grew more pronounced, reaching 42.6% and 45.4% respectively.　　Strong import real growth reflects strong domestic demand, particularly investment demand, with imports of important commodities, including iron ore, crude oil, steel, copper and soybeans, rising by more than 20% in January. "The recent rise in commodity prices has also boosted import strength," he said. The price of crude oil and iron ore, China's two largest imports, grew by 18% and 68% in January, respectively, and we expect the overall price of imports to increase by more than 12% per cent year-on-year in January.　　Wang Tao said.　　In fact, the rise in commodity prices, which has led to import growth, has been evident in the past year.　　At the Ministry of Commerce's routine press conference this January, spokesman Yao Jian said that imports grew faster than about 7% per cent last year, with prices rising as one factor.　　Some analysts believe that as domestic demand strengthens, Chinese factors will continue to push up international commodity prices, which will continue to push up domestic prices. Australian new Bank Greater China Economic ResearchDirector Liu Ligang that from the current situation of China's economy, China's inflationary pressure will continue to rise in the medium term, "labor shortage" in China's eastern coastal area spread, in order to attract more workers, Chinese companies will have to significantly increase the wages of workers, which will ultimately affect the price of terminal products.　　Because the price of factors of production has been suppressed for a long time, China will face a new round of market reform of the price of land, water and electricity, which will increase the production cost and the living cost of the residents.　　The driving effect of food prices is obvious, if this trend to the spread of industrial products, will directly lead to higher PPI, if the future increase in oil prices, the next month's PPI there is a further possibility of upward. Chen Xingdong, managing director and chief economist of Paris Securities (Asia) Ltd., predicts that PPI will maintain a high level of normality throughout the year, and that both cost and supply and demand will drive and pull up the heat of ppi,2011 's annual economic growth. If the control is better, PPI should not exceed 7% or 8% year-on-year growth.