China's consumer price index (CPI), the main gauge of inflation, rose 1.2 percent year-on-year in December, the eighth consecutive month of deceleration and the slowest rise since July 2006.
The CPI was 2.4 percent in November, and it hit a 12-year-high of 8.7 percent in February.
The producer price index (PPI), a measure of inflation at the wholesale level, fell 1.1 percent in December after rising 2 percent in November and a 12-year-high of 10.1 percent in August.
The retreat in inflation has prompted some economists to call for more government measures to avert a coming deflation, as it could raise real interest rates and discourage business investment to make the economic situation worse.
2009年1月29日星期四
2009年1月12日星期一
labor targets
Under the Bush administration's bailout, car makers and the UAW are to make "their best efforts" to reach an agreement on concessions to the 2007 contract in at least three areas.
The administration wants the UAW to end its "jobs bank," which pays furloughed workers, and accept half of corporate contributions to a retiree health care trust fund in stock rather than cash.
The most contentious issue in Bush's bailout plan is a goal that seeks to bring hourly wage costs in line with those of Toyota and other Japanese auto makers operating non-union factories in the United States.
The administration wants the UAW to end its "jobs bank," which pays furloughed workers, and accept half of corporate contributions to a retiree health care trust fund in stock rather than cash.
The most contentious issue in Bush's bailout plan is a goal that seeks to bring hourly wage costs in line with those of Toyota and other Japanese auto makers operating non-union factories in the United States.
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