China Warehouse- More Than Crockery Message Board

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Strategies & Market Trends : China Warehouse- More Than Crockery

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To: RealMuLan who wrote (320)	8/13/2003 9:59:32 PM
From: RealMuLan	Read Replies (2) of 6370

China consumer prices rise 0.5% August 13, 2003 By Sapa-AFP Beijing - China's consumer prices rose 0.5 percent in July compared with the same month a year ago as services and energy became more expensive, the government said Wednesday. Services were 2.5 percent more expensive in July than one year earlier, while prices of consumer products were down 0.1 percent from a year earlier, the National Bureau of Statistics said in a release. It marks the seventh consecutive rise in Chinese consumer prices, suggesting that Asia's second largest economy could be escaping from a vicious spiral of falling prices affecting it since the late 1990s. It appeared, however, that some of July's increase in prices was caused by one-off factors or global trends outside the Chinese policy-makers' control. For instance, the outbreak of Severe Acute Respiratory Syndrome (SARS) caused the price of medical services to soar 10.5 percent, the bureau said. Rising global oil prices made gasoline 7.4 percent more expensive than a year earlier, while diesel oil prices rose 9.3 percent, it said. - Sapa-AFP busrep.co.za

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