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China's PPI growth slows to two-year-low in November (2)


16:27, December 09, 2011

The lower-than-expectation PPI figure was mostly triggered by a market panic, said Chen Kexin, an analyst with the Distribution Productivity Promotion Center of China Commerce.

"Uncertainties in external markets and risk of a further recession have turned the market toward a more prudent mood," he said.

Sheng Hongqing, chief economist with Everbright Bank, said the December PPI may drop to zero or below as market demand further dips and the real economy weakens faster than expected.

Chen said there is still a possibility for a rebound in PPI in the future if market sentiment can be encouraged by more favorable news.

"But so far, there is no sign of that," he said.

China's consumer price index (CPI), a main gauge of inflation, rose 4.2 percent year-on-year in November, further weakening from 5.5 percent in October, said the NBS.

【1】 【2】

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