20120414 Follow Me 338 Food Prices Push Rate of Inflation Up in China

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Food Prices Push Rate of Inflation Up in China

HONG KONG — The China inflation rate edged up in March, data released Monday showed, in a development that may dampen, but not eliminate, the chances of Beijing’s announcing added steps to prop up the flagging pace of growth.

Consumer prices in the giant Chinese economy rose 3.6 percent in March, compared with the rate of a year earlier, driven by a spike in the volatile prices for food. The increase was well above the February rate of 3.2 percent and was nearer the government’s official target of 4 percent than analysts had expected.

Unlike the situation in Europe and the United States, where growth is anemic and inflation subdued, China and other emerging economies have been seeing significant inflation as robust growth and rising costs for raw materials have pushed prices up.

In China, where millions struggle to make ends meet and where food makes up a large chunk of household spending, inflation is a particularly sensitive topic. Sharp rises in the prices of consumer goods and housing last year catapulted inflation to the top of Beijing’s list of economic worries and prompted the authorities to announce a series of steps designed to reduce growth and the inflation that accompanied it.

The current levels of inflation are likely to persist in coming months, analysts said Monday, citing fuel price increases and, eventually, a likely reacceleration in the overall economy. At the same time, however, inflation now is well below the worrying levels of last year — it hit 6.5 percent in July — and remains comfortably below the government’s target. Even the slightly higher-than-expected rate recorded for March leaves the authorities with plenty of leeway to step on the economic gas pedal, if needed, analysts said.

Growth has softened markedly in the past few months as the tightening measures taken by the government last year have dampened domestic activity. European debt troubles have also helped slow growth by reducing demand for Chinese-made goods.

The economic data for March will be closely watched for signs of how resilient the economy has been in the face of the European turmoil and for any indications of possible further policy action by Beijing. Two purchasing managers indexes, released earlier this month, have painted a somewhat confused picture of relative weakness among smaller, privately owned companies, but robust sentiment among large, state-owned companies.

Economists at Nomura likewise forecast more reserve requirement cuts for lenders. They also project for this month a possible cut in the lending rate — a more sweeping tool that has is less frequently deployed by the central bank in China.

Read More, Information source site: http://www.nytimes.com/pages/business/index.html

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关键词：inflation flation Prices follow ATION 337 China

前四段：

香港—在周一公布的中国通货膨胀率（CPI）显示小幅度上扬，虽然表面上有所进步，但人们的疲软预期仍没有消除，北京官方宣布将采取循序渐进的措施来转变萎靡不振的增长趋势。

依托于中国庞大的经济体，三月消费者物价指数同比涨幅3.6%，主要受到罪魁祸首的食品价格波动的驱动。
这样的涨幅相比二月CPI同比3.2%的比率还是在接受范围内的，更加接近于ZF机构难超4%的预测，而不是分析师们的。

区别于欧洲和美国市场的状况，经济的增长往往要面临着流动性过剩和通胀的困境，中国和其他新型经济国家对通胀信号的警觉性日益提高，经济的强劲增长以及原材料价格的上升逼迫着价格的上升（PS：成本型通胀的作用机理）。

在中国，当企业平衡收支账户或是食品成为其主要消费资料时，通胀因素成为特殊的敏感话题。去年食品和房屋价格的激增是通胀迅速成为北京市民对经济担忧因素的首位，同时也促使ZF当局宣布采取一系列的政策措施来减少经济增长中所伴随的通胀问题。

后四段~

周一，分析师指出：以燃油价格为例，现阶段的通胀水平有可能在未来几个月内仍将持续，最后将导致全体经济体价格的再次加速上涨。同时，近期的通胀利率保持在去年警戒范围之内（曾在七月一举逼近6.5%），也在ZF调控目标的可接受范围内。即使是相比三月预期轻微上扬，也将使当局在拉动经济快速增长的过程中留有缓冲的余地，当然如有有这个需要的话。

伴随着去年ZF为抑制国内经济过热而采取的紧缩政策，经济增长势头在近月已表现出明显的疲软。欧债危机引起的对中国制造产品的需求减少也是助推国内经济放缓的又一诱因。

三月的经济数据将受到紧密关注，作为经济在面临欧洲动乱以及ZF当局相机可能性决策的信号。两个采购经理人指数这月开始提早反映市场情绪，对一些规模小的私企发射烟雾弹，但是对规模较大的国企确实表现出极度敏感。

野村证券的经济分析师同样认为银行将有准备金调低的预期，同时贷款利率很可能会降低—一个非常有效率的金融工具，中国央行已频繁多次的采用。

题目翻译:食品价格推动通胀指数上升

学习

桶桶nancy 发表于 2012-4-13 08:06
前四段：

香港—在周一公布的中国通货膨胀率（CPI）显示小幅度上扬，虽然表面上有所进步，但人们的疲软预 ...

"更加接近于ZF机构难超4%的预测"翻译的不太通顺
我的翻译是"与专家的预测相比,数据更加接近ZF官员制定的4%的目标"
以上只是个人的观点,仅供参考

The China inflation rate edged up in March, data released Monday showed, in a development that may dampen, but not eliminate, the chances of Beijing’s announcing added steps to prop up the flagging pace of growth.


星期一的数据显示，中国的通胀率在三月小幅上升，随后这种上升可能会抑制住，但不会消除，(因为)北京很有可能宣布增加支撑疲软经济的举措。

Unlike the situation in Europe and the United States, where growth is anemic and inflation subdued, China and other emerging economies have been seeing significant inflation as robust growth and rising costs for raw materials have pushed prices up.
和欧洲与美国增长乏力、通胀疲软的状况不同，中国和其他新兴经济体已经把明显的通胀增长看做经济强劲增长和原材料的涨价使价格上涨的共同作用。

Our buying capacity is very low , comparing to the high price of food.

In China, where millions struggle to make ends meet and where food makes up a large chunk of household spending, inflation is a particularly sensitive topic. Sharp rises in the prices of consumer goods and housing last year catapulted inflation to the top of Beijing’s list of economic worries and prompted the authorities to announce a series of steps designed to reduce growth and the inflation that accompanied it.

在中国，数以百万的人奋力使收支相抵并且食物占家庭支出很大的份额，通胀是一个相当敏感的问题。去年消费品和房屋价格的剧涨使通胀成为中央众多经济担忧因素之首，并促进了ZF宣布了一系列为降低增长和伴随增长的通胀的措施。

the food price always push the CPI high, as we all say that pigs have the most authority to decide the CPI.
in residents' book, the inflation is more severe than the official statistic, especially when the gas spike over 8 yuan a litre. Even the motorbiker said they can hardly afford to pump gas for their motorbike.