GlobalAutoTV
Click to watch M.P. Chugh -
Click to watch M.P. Chugh -
asia resources


Need an office in Asia? Office suites, meeting rooms, virtual offices, network access



free downloads
ASIA: "Thailand’s Auto Industry And Possible Policy Changes" report

ASIA: "Thailand’s Auto Industry And Possible Policy Changes" report. 8-page Executive Summary by J.D. Power Asia Pacific Forecasting.

proceed to download
eJournals




back to index backASIAtalk June,  2017


China's factory inflation cools again in May as commodity prices ease further

China's producer price gains moderated following further easing in commodity prices, signaling weaker overall inflation pressure in the pipeline.

Producer price index rose 5.5 per cent in May from a year earlier, compared with an estimated 5.6 per cent in a Bloomberg survey and 6.4 per cent increase in April. The consumer price index climbed 1.5 per cent, versus a prior gain of 1.2 per cent, the statistics bureau said on Friday (June 9).

Resurgent factory inflation since last year has moderated, in step with the faltering global commodity rally. Regulatory efforts to contain financial leverage may also weigh on property and infrastructure investment in the second half of the year, denting a crucial pillar for raw material demand. Global commodities sank to one-year low this week, which may further erode raw material prices for Chinese producers.

Earlier this year, vendors at the bi-annual Canton Fair in Guangzhou said in interviews that pricing pressures for key supplies and labor had eased. Makers of everything from camping equipment to wheelchairs expected that the worst is over for rising producer prices, which peaked in February with a 7.8 per cent rise after snapping four years of deflation last year.

"China's factory reflation story is coming to an end," Bloomberg Intelligence economists Tom Orlik and Fielding Chen wrote in a report. "As that happens, hopes for high industrial profits will fade and fears about a high debt burden will loom larger."

"Inflationary pressure is fairly muted for now," said Tommy Xie, Singapore-based economist at Oversea-Chinese Banking Corp who accurately forecast both May CPI and PPI. He expects PPI to "hover around the current level for a while" before easing further this year.

"Fundamental demand remains lukewarm," said Zhou Hao, an economist at Commerzbank in Singapore who sees PPI falling near or below CPI this year. "Industrial corporations' profits have already peaked and things will become even more difficult."

Food price declines narrowed to 1.6 per cent versus a 3.5 pe rcent drop in April. Purchasing prices climbed 8 per cent compared with 9 per cent the prior month.

Source: StraitsTimes.com - GAI






previous page

go top



search our site


Loading

ASIAtalk

Other articles from the same issue (June,  2017).

WardsAuto: Vietnam Playing Catch-Up in ASEAN Auto Sector
play read on

India: PE investments in auto parts up 607% in the first five months of 2017
play read on

Chinese automakers launch a global offensive via emerging Asia
play read on

Autos/Trucks: China Auto Demand Stable in April (May 2017 report)
play read on

Indonesia's auto industry looks Down Under for an export boost
play read on

Robots take over jobs in China's auto plants
play read on

Chinese-German cooperation blossoms in auto, tech
play read on

Make-in-India Lessons: Why Are Vietnam’s Electronics Exports Ten Times That of India’s?
play read on

Vietnam Is Losing Economic Ground To China Due To Lack Of High-Skilled Workers
play read on

China’s Belt and Road Initiative: Managing Risks and Disputes
play read on

Politics, Power, and Change: What’s Next for ASEAN
play read on

China customs violations and how to avoid jail time
play read on

Working with Indians: 12 Things You Need To Know
play read on

Investing in Asia: Ample Opportunity for Those Who Look
play read on

China's factory inflation cools again in May as commodity prices ease further
play read on

Japan Enacts Rules to Expand Tax-Free Re-organizations in 2017 Tax Reform
play read on

India Manufacturing Barometer: Standing strong
play read on

The Deloitte Global Chief Procurement Officer Survey 2017
play read on

An animated look at how Asia has changed over 50 years
play read on

India: Advance Pricing Agreement Survey Report 2017
play read on

Singapore, Myanmar to explore more tie-ups for firms in areas like urban solutions, transport & logistics
play read on

Chinese Cleantech Market Report (May 2017)
play read on

83% of Indians give thumbs up to country's econom: Pew survey post demonetisation
play read on

The digital future of manufacturing: Are Asian manufacturers ready?
play read on

Automation leaves one in five Asians concerned about job security
play read on

Vietnam Pocket Tax Book 2017
play read on

India 'bright spot' for global steel output growth: report
play read on

Singapore inks pact on corporate tax avoidance
play read on

More than 1.17 crore people skilled under Ministry of Skill Development and Entrepreneurship programmes
play read on

Taiwan grapples with 'talent shortfall'
play read on


Our Free eJournals
GlobalAutoExperts

To visit GlobalAutoExperts Directory, click here.


©2008 GlobalAutoIndustry.com | HCI Group, Ltd.
101 West Big Beaver Road, Suite 1400 | Troy, MI 48084 USA
USA Tel: +1.248.687.1060 | USA Fax: +1.248.927.0347
Fax UK: +44.(0)845.127.4765 | Fax Europe: +31.20.524.1659 | Fax Asia: +852.3015.8120