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Added on the 17/04/2020 14:00:00 - Copyright : EFE Inglés
Beijing, Dec 9 (EFE/EPA).- China's consumer price index (CPI), the main indicator of inflation, contracted 0.5 percent year-on-year in November, representing its first decline since October 2009, according to official data released by the National Bureau of Statistics (NBS) on Wednesday.The index had already recorded its lowest growth in 11 years in October mainly due to a drop in the price of pork – the most popular meat among Chinese consumers – for the first time after 19 months of increases. (Camera: WU HONG).SHOT LIST: VENDORS SELL PRODUCTS AT A MARKET IN BEIJING, CHINA.
The United States "will not accept" a situation where underpriced Chinese goods flood the global market, battering industries elsewhere, US Treasury Secretary Janet Yellen said on Monday as she wrapped up high-level talks in China. This was the situation over a decade ago when Chinese government support led to a surge in steel exports, she told reporters, adding: "I know that these serious concerns are shared by our allies and partners." SOUNDBITE
Chinese President Xi Jinping leaves Vietnam after a two-day state visit to the neighbouring communist country. The trip was Xi's first to Vietnam in six years, and the two nations committed to deeper ties and signed more than 30 agreements, including a pledge to develop rail links between Vietnam and China. IMAGES
The Bank of England announces it will hold its key interest rate at 5.25 percent, a day after the Federal Reserve also froze borrowing costs as global inflation retreats. The BoE had already kept its rate steady at the central bank's previous monetary policy meeting in September, snapping a streak of 14 hikes in a row. But Governor Andrew Bailey says it is "much too early" to think about cutting rates. IMAGES
US Commerce Secretary Gina Raimondo says that she had raised "tough issues" with Chinese officials this week during talks in Beijing and Shanghai. SOUNDBITE
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