陸消費力疲軟 需加碼寬鬆

陸消費力疲軟 需加碼寬鬆 – 中時電子報

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陸消費力疲軟 需加碼寬鬆

2015年06月10日 04:10
中國時報 藍孝威/北京報導

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大陸近期CPI、PPI走勢

大陸國家統計局昨天公布統計數據,5月CPI(消費者物價指數)比去年同期上漲1.2%,低於4月的1.5%;5月PPI(生產者價格指數)比去年同期下降4.6%。專家認為,數據反映經濟增長乏力,消費持續疲軟,通縮壓力顯著,政策寬鬆亟待加碼。大陸5月CPI增速只有1.2%,不及官方目標「3%左右」一半,為今年1月以來最低水平。今年1月,CPI增幅大跌至0.8%,為5年低點;PPI連續39個月同比下降。

陸消費力疲軟 需加碼寬鬆 - 中時電子報

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陸消費力疲軟 需加碼寬鬆

2015年06月10日 04:10
中國時報 藍孝威/北京報導

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大陸近期CPI、PPI走勢

大陸國家統計局昨天公布統計數據,5月CPI(消費者物價指數)比去年同期上漲1.2%,低於4月的1.5%;5月PPI(生產者價格指數)比去年同期下降4.6%。專家認為,數據反映經濟增長乏力,消費持續疲軟,通縮壓力顯著,政策寬鬆亟待加碼。大陸5月CPI增速只有1.2%,不及官方目標「3%左右」一半,為今年1月以來最低水平。今年1月,CPI增幅大跌至0.8%,為5年低點;PPI連續39個月同比下降。

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匯豐大中華區首席經濟學家屈宏斌認為,本次數據反映通縮壓力顯著,貨幣政策寬鬆亟待加碼。受部分生鮮食品價格下降及高基數效應影響,食品通膨大幅回落至1.6%,為主要拖累因素。非食品價格小幅上漲1.0%,或許和油價上調有關。瑞銀證券宏觀分析師胡志鵬認為,CPI的低位運行將繼續打開貨幣政策空間,未來貨幣政策仍然維持穩健適度寬鬆的基調。他表示,整個經濟的探底還沒有結束,可能要持續到明年,從長遠來看降息周期可能還要持續1-2年的時間。申萬宏源首席宏觀分析師李慧勇稱,通貨緊縮還沒有實質緩解,主要是輸入型通縮和內需不足,導致CPI和PPI出現持續下降,CPI低於2%的合理水平。未來物價走勢取決於經濟何時穩定。對外經貿大學公共管理學院教授李長安在微博中表示,CPI進一步走低,PPI維持負值,說明經濟通縮仍在持續惡化,預示宏觀政策寬鬆狀態會持續下去。但在財政與貨幣雙寬鬆情況下,如何將資金從股市虛擬經濟轉移到實體經濟,乃是現行政策能否發揮效用的關鍵。,

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