Indonesia’s National Bureau of Statistics (BPS) announced on Thursday that the inflation rate for May was 3.55% per year. This compares to 3.47% in April. “Inflation is rising because the government has a policy to allow airlines to adjust production costs and recently raise fuel prices for Pertamax,” BPS President Margo Yuvono told a news conference. Read more: Inflation in bankrupt Sri Lanka hits fresh record Bank of Indonesia … Read more
Eat’n’Go, the Nigerian franchisee of popular pizza producer Domino’s, debuted a tiny version of the market’s familiar pizza boxes in February 2019, for 550 naira. This new version was created to be more affordable for everyone, being smaller in size and significantly less expensive than the medium-sized pizza, which costs N3,900. StarTimes, a Chinese satellite … Read more
BRUSSELS – “Small boats may not survive a storm, but a giant ship is strong enough to brave a storm,” Chinese President Xi Jinping has said during a special address to the 2022 World Economic Forum (WEF) virtual session. As global leaders from political, business and academic circles explored new driving forces for economic growth, … Read more
BEIJING: China’s GDP has expanded at 8.1 per cent in 2021, growing the fastest in nearly a decade and landing well above the government’s annual target of achieving a growth rate above 6 per cent. The robust expansion, which beats the market expectation and eclipses most of other major economies in two-year terms, spells out … Read more
BEIJING: China’s economy posted stable growth in 2021 despite challenges including sporadic epidemic resurgences and a complicated external environment, official data showed on Monday. The country’s gross domestic product (GDP) expanded 8.1 per cent year on year to 114.37 trillion yuan (about $18 trillion) last year, the National Bureau of Statistics (NBS) said. The pace … Read more
BEIJING: China continued to see a generally stable housing market in December 2021, with home prices in 70 major cities showing slight month-on-month declines, official data showed on Saturday. New home prices in four first-tier cities, Beijing, Shanghai, Shenzhen and Guangzhou edged down 0.1 per cent month-on-month on average in December although price movements diverged, … Read more
BEIJING: Chinese consumer spending grew at a slower-than-expected pace in November, data released on Wednesday showed, with analysts warning that an uptick in coronavirus cases was dampening sentiment and adding to questions over a rebound in the world’s second-largest economy. China’s economy bounced back quickly from the pandemic after authorities contained Covid-19 with strict border controls … Read more
BEIJING: Consumer inflation in China picked up to its highest level in over a year in November, official data showed on Thursday, bolstered by an uptick in pork prices as seasonal demand spiked. The consumer price index (CPI), a key gauge of retail inflation, came in at 2.3 per cent on-year according to the National Bureau … Read more
BEIJING: Manufacturing activity in China edged up in November on the back of an easing in power shortages and a drop in some raw material costs, official data showed on Tuesday. The Purchasing Managers’ Index (PMI) — a key gauge of manufacturing activity — in the world’s second-biggest economy rose to 50.1, returning above the … Read more
BEIJING: Profits of China’s major industrial firms maintained sound growth momentum in the first 10 months of the year as industrial production continued to recover and business operations continued improvements, official data showed Saturday. Industrial firms with annual business revenues of at least 20 million yuan (about 3.1 billion U.S. dollars) saw their combined profits … Read more
The growth of major industries in the country has increased during July this financial year. According to the National Bureau of Statistics, July 2021 saw a 2.25 percent growth of the large-scale manufacturing industry, with 11 industries showing an increase in production while four industries saw a decline in production. During July, the textile industry … Read more
