Inflation in China reaches to multi-year highs
The Dollar Business Bureau The producer price inflation of China has increased more than what is estimated in the month of January to near 6-year high on account of a pick-up in steel prices and other raw material prices, adding to estimates that world manufacturing activity is gaining momentum. China’s consumer inflation also increased more than expected to around three-year high, according to a data released on Tuesday. Much of the increase in consumer prices was due to higher prices of food and transportation in the wake of a long holiday for Lunar New Year, as per the National Bureau of Statistics. But mounting pressures of prices in China and several other developed countries have sparked speculations of a stricter monetary policy in 2017, ...
Exporters demand quick measures to stop foreign trade slide show
The Dollar Business Bureau Continuing its downward trend for the 12th consecutive month, India's merchandise exports declined to $20 billion in November, down 24.43% year on year, prompting export bodies to seek immediate government intervention. The cumulative value of exports for the period April-November also fell by 18.46% to $174.30 billion as against previous fiscal’s $213.77 billion, according to the latest data released by the Commerce Ministry. Of the total 30 product categories closely monitored by the government, exports of 23 items have witnessed negative growth rate. Products from agriculture sector and those from engineering and petroleum segments registered the sharpest fall, the data said. Several exporters’ bodies have asked the government to take some immediate to revive the country’s ...
