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In October 2011, China’s inflation rate dropped to 5.5 percent inflation rate was 6.1 percent in September 2011. Although annual inflation is still above the central bank target of 4.0 percent in 2011, is expected to ease the global decline in commodity prices, the central bank to tighten monetary policy, as well as the effect of the base year and other factors. This may give the room of the Central Bank more maneuver of monetary policy and support China’s economic growth in the global economic environment is uncertain circumstances.
October 2011, China’s trade account surplus shrank 37.3 percent over the same period last year, reaching $ 17 billion, mainly as a result of the surge in imports. In the medium term, the major markets, such as the European Union (EU) and U.S. demand is not obvious, RMB appreciation and the Chinese government policy to support demand for imports and other factors, will be China’s trade account is a negative impact.
Government, through the property to limit speculative trading, and reduce the risk of asset bubbles, since October 2011, Chinese real estate market continued to show signs of slowing down. In the same month, due to the stimulation of short-term bank loans continued to rise, the increase in retail sales annual growth rate.
In October 2011, China’s exports reached $ 157 billion, compared to $ 170 billion in September 2011 declined. 10 copies, compared with the same period last year, total exports grew 15.8 percent. Compared to September 2011 with the same period last year, total exports grew by 17%. The average annual growth rate of exports for the consecutive second month dropped to its lowest level since February 2011, China’s largest export market – weak market demand in the European Union and the United States.
In October 2011, China’s imports totaled $ 140 billion. The same month, the decline in global commodity prices under the support of the appreciation of the renminbi and other factors. Annual import growth rate increased from 21.1% in September 2011 to 29.1 percent, the results of the surge in imports, China’s trade account surplus decreased by 37.3%, compared to $ 14.5 billion in September 2011 to October 2011 reached 17 billion dollars. The medium term, according to the EU and the U.S. economic slowdown, the yuan’s gradual strengthening, as well as Chinese government policies to encourage imports, China’s trade surplus would be reduced.