Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (287)	8/11/2003 1:15:03 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

China's Consumer Prices Probably Rose 0.3 Percent in July Aug. 12 (Bloomberg) -- China's inflation rate was probably unchanged in July, having fallen to a four-month low in June, as stores maintained discounts to help clear stocks of TCL Mobile Communications Co. cell phones and Legend Group Ltd. computers. The consumer price index, which measures the cost of a fixed basket of goods and services, probably rose 0.3 percent from a year earlier, according to the median forecast of six economists in a Bloomberg News Survey. That would match June's increase, which was the smallest since February. The government is scheduled to release the figures tomorrow morning in Beijing. ``Inflation has been easing because the economy has growing below its potential, and inventories have piled up,'' Lehman Brothers economist Robert Subbaraman wrote in a research report on Friday. Retail sales growth slowed to a record in May as shoppers stayed home to avoid catching severe acute respiratory syndrome, a virus that killed 813 people. That prompted retailers to cut prices to lure buyers to their outlets as goods piled up in stores and warehouses. There are roughly 20 million mobile phone handsets stockpiled in China, Sino Marketing Research Ltd. and CCID Consulting estimated on July 31. The number of personal computers sold in China grew 14 percent in the second quarter, slowing from an average 30 percent pace in the past four years, according to market researcher IDC. quote.bloomberg.com