China is concerned about inflation – but it’s not the top priority right now_老虎社区_美港股上老虎

China is concerned about inflation – but it’s not the top priority right now

cnbc2021-05-14

KEY POINTS The People's Bank of China — and economists parsing its statements —are not as worried about inflation, or expecting much monetary policy change as the country faces more pressing risks. "...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

ShirlySuet
·2021-05-16
What should we do to beat inflation? Only invest stock market or property? Any suggestions?
回复
点赞
举报
收起
- RichestFoo:
  win lottery
  2021-05-16
  回复
  举报
- ShirlySuet:
  okay, go to buy now
  2021-05-17
  回复
  举报
james33738
·2021-05-14
Comment pls
回复
3
举报
收起
- CasperLai:
  thanks mate
  2021-05-14
  回复
  举报
- FongLing:
  Done
  2021-05-17
  回复
  举报
YHHH
·2021-05-14
Isnt inflation good fir companies?
回复
1
举报
maxdjin
·2021-05-14
Hello three
回复
2
举报
Lailailai
·2021-05-14
Hmmmm
回复
1
举报
CasperLai
·2021-05-14
Hello too!
回复
2
举报
收起
- FongLing:
  Hi hi
  2021-05-17
  回复
  举报
Angel8888888
·2021-05-14
Hello
回复
1
举报
收起
- Steventeo:
  hihi
  2021-05-14
  回复
  举报

热议股票

7x24

全部

{"i18n":{"language":"zh_CN"},"data":{"share":"https://www.laohu8.com/m/news/1174779667?lang=zh_CN&edition=full","thumbnail":"","is_english":true,"pubTime":"2021-05-14 19:09","share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","id":"1174779667","market":"hk","top_or_hot":-1,"title":"China is concerned about inflation – but it’s not the top priority right now","media":"cnbc","content":"<div>\n<p>KEY POINTS\n\nThe People's Bank of China — and economists parsing its statements —are not as worried about inflation, or expecting much monetary policy change as the country faces more pressing risks.\n\"...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/14/china-is-concerned-about-inflation-but-its-not-the-top-priority.html\">网页链接</a>\n\n</div>\n","source":"cnbc_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China is concerned about inflation – but it’s not the top priority right now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina is concerned about inflation – but it’s not the top priority right now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-14 19:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/05/14/china-is-concerned-about-inflation-but-its-not-the-top-priority.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nThe People's Bank of China — and economists parsing its statements —are not as worried about inflation, or expecting much monetary policy change as the country faces more pressing risks.\n\"...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/14/china-is-concerned-about-inflation-but-its-not-the-top-priority.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"000001.SH","symbol_name":"上证指数","start_time":0,"source_url":"https://www.cnbc.com/2021/05/14/china-is-concerned-about-inflation-but-its-not-the-top-priority.html","article_id":"1174779667","we_media_id":null,"thumbnails":[],"rights":{"source":"cnbc_highlight","url":"https://www.cnbc.com/2021/05/14/china-is-concerned-about-inflation-but-its-not-the-top-priority.html","rn_cache_url":null,"customStyle":"body{padding-top:10px;}.ArticleHeader-headline{#titleStyle#}a{#lv2TextColor#}.ArticleHeader-time, .Author-authorNameAndSocial a{#sourceStyle#;}","selectors":".PageBuilder-pageWrapper","filters":".ArticleHeader-eyebrow, .RelatedTags-relatedTags","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=1174779667","pubTimestamp":1620990556,"columns":[],"sourceInfo":{"source_id":"cnbc_highlight","name":"CNBC"},"weMediaInfo":null,"summary":"KEY POINTS\n\nThe People's Bank of China — and economists parsing its statements —are not as worried a","collect":0,"end_time":0,"defaultTopTitle":"cnbc.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"399001":"深证成指","399006":"创业板指","000001.SH":"上证指数"},"translate_title":"中国对通货膨胀感到担忧--但这不是当前的首要任务","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"399001":0.9,"399006":0.9,"000001.SH":0.9},"content_text":"KEY POINTS\n\nThe People's Bank of China — and economists parsing its statements —are not as worried about inflation, or expecting much monetary policy change as the country faces more pressing risks.\n\"Residents' consumption is still constrained and investment growth is insufficient,\" the central bank said in monetary policy report, according to a CNBC translation of the Chinese text.\n\"If we have prices rising in China, it's not demand overheating domestically, which could warrant change of monetary policy to slow that,\" Francoise Huang, senior economist at Euler Hermes said.\n\nBEIJING — While investors around the world fret over inflation, China's central bank has more problems than rising prices to worry about.\nCentral banks worldwide have kept monetary policies easy and interest rates lower in a bid to support growth in the wake of the coronavirus pandemic last year, and China is no exception.\nNow as consumer and producer prices climb, investors are on edge as they try to discern if central banks will be raising interest rates.\nBut thePeople's Bank of China— and economists parsing its statements — are not as worried about inflation, or expecting much monetary policy change as the country faces more pressing risks.\nIn its report on first quarter monetary policy released late Tuesday, the central bank focused on how thefoundation for China's economic recovery is not solid.\n\"Residents' consumption is still constrained and investment growth is insufficient,\" the report said, according to a CNBC translation of the Chinese text. The PBOC added that smaller, privately run businesses still face difficulties, and ensuring employment remains a great challenge.\nThe report talked at length about an increase in inflation globally, and forecast China's producer prices would rise later this year as commodity prices climb worldwide. The central bank also noted that rising inflation in major economies has increased the pressure of currency depreciation and capital flows for some emerging economies.\nData out this week showedU.S. consumer prices posted their fastest increase since September 2008,at 4.2% in April. Meanwhile,producer prices rose 6.2%in their fastest increase in the index's roughly one-decade history.\nThe S&P 500 has fallen more than 2% so far this week, while the10-year Treasurybrieflyhit a one-month highof nearly 1.69%.It's not clear if the latest rise in U.S. inflation will be a negative for stocks in the long term.\nChina keeps rates steady\nThe Chinese 10-year government bond yield has held above 3.1%, while the Shanghai composite has climbed 2% this week.China said Tuesday its producer prices rose in Aprilby their fastest in more than three years — up 6.8%. But consumer prices edged up just 0.9% as pork prices fell.\n\"If we have prices rising in China, it's not demand overheating domestically, which could warrant change of monetary policy to slow that,\" said Francoise Huang, senior economist at Euler Hermes, a subsidiary of Allianz, in a phone interview Wednesday. \"I continue to think the policy rates will not be changed this year.\"\nThe Chinese central bank has kept its benchmark lending rate, theloan prime rate, unchanged for a year.The next monthly announcement on the rate is due May 20.\nIn its quarterly report this week, the central bank added that \"prudent\" monetary policy would be flexible, targeted and appropriate.\nHigh employment pressure\nZong Liang, chief researcher at the Bank of China, doesn't expect China's monetary policy to change until the second half of the year, at the earliest. He noted the central bank kept policy relatively tighter in the last two years versus that of other countries.\nAlthough he expects Chinese consumers will pick up their spending in the second quarter, especially as China steps up local vaccinations, consumption is still in a period of recovery, Zong said.\nIn a sign of Beijing's caution on the economy, authorities said at a meeting Wednesday that pressure to support employment remains high. The central government decided at the meeting to extend pandemic-erasupport for unemployment until the end of this year.\nHowever, the level of support was scaled back from what it was last year. China's economy grew 18.3% in the first quarter, from a contraction last year amid the height of the pandemic.\n\n We think a hasty withdrawal of stimulus policies will also bring about new financial risks.Ligang LiuCHIEF CHINA ECONOMIST, CITI RESEARCH\n\nSeparately, data out Wednesday showedloan growth slowed more than expected in April, which some economists said reflected credit tightening.\n\"We think monetary conditions have likely tightened, but overall credit policy remains supportive for a more balanced recovery of the real economy, considering the relatively robust medium-term and long-term loan growth,\" said Bruce Pang, head of macro and strategy research at China Renaissance.\n“The sharper-than-expected slowdown in short-term loan issuance in April may also (be) due in part to regulators’ increased scrutiny on the illegal use of business and consumption loans for property financing,” he said.\nRisks in real estate\nReal estate is one of the primary areas of investment — and speculation — in China. In an attempt to keep price gains from getting out of hand, authorities have tried to act cautiously.\nThe People’s Bank of China said in its first quarter monetary policy report that house prices must be kept stable, and emphasized that houses are for living, not speculation.\nAlthough markets appear to believe China will accelerate its exit from policies implemented in the wake of the coronavirus pandemic, there isn’t a strong case right now for the central bank to do so, Ligang Liu, chief China economist at Citi Research, said in a statement.\n“Financial fragility has increased, represented by the enlarged property bubble, elevated debt level, and enhanced default risk,” Liu said. “We think a hasty withdrawal of stimulus policies will also bring about new financial risks.”","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"code":"91000000","status":"200"},"commentList":[{"id":192062107,"gmtCreate":1621131160709,"gmtModify":1634193893131,"author":{"id":"3582360052677778","authorId":"3582360052677778","name":"ShirlySuet","avatar":"https://static.tigerbbs.com/57d93e0a20280806b45e744b5e2a11cb","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3582360052677778","authorIdStr":"3582360052677778"},"htmlText":"What should we do to beat inflation? Only invest stock market or property? Any suggestions?","listText":"What should we do to beat inflation? Only invest stock market or property? Any suggestions?","text":"What should we do to beat inflation? Only invest stock market or property? Any suggestions?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/192062107","repostId":1174779667,"repostType":4,"repost":{"id":"1174779667","kind":"news","pubTimestamp":1620990556,"share":"https://www.laohu8.com/m/news/1174779667?lang=&edition=full","pubTime":"2021-05-14 19:09","market":"hk","language":"en","title":"China is concerned about inflation – but it’s not the top priority right now","url":"https://stock-news.laohu8.com/highlight/detail?id=1174779667","media":"cnbc","summary":"KEY POINTS\n\nThe People's Bank of China — and economists parsing its statements —are not as worried a","content":"<div>\n<p>KEY POINTS\n\nThe People's Bank of China — and economists parsing its statements —are not as worried about inflation, or expecting much monetary policy change as the country faces more pressing risks.\n\"...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/14/china-is-concerned-about-inflation-but-its-not-the-top-priority.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China is concerned about inflation – but it’s not the top priority right now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina is concerned about inflation – but it’s not the top priority right now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-14 19:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/05/14/china-is-concerned-about-inflation-but-its-not-the-top-priority.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nThe People's Bank of China — and economists parsing its statements —are not as worried about inflation, or expecting much monetary policy change as the country faces more pressing risks.\n\"...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/14/china-is-concerned-about-inflation-but-its-not-the-top-priority.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","000001.SH":"上证指数"},"source_url":"https://www.cnbc.com/2021/05/14/china-is-concerned-about-inflation-but-its-not-the-top-priority.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1174779667","content_text":"KEY POINTS\n\nThe People's Bank of China — and economists parsing its statements —are not as worried about inflation, or expecting much monetary policy change as the country faces more pressing risks.\n\"Residents' consumption is still constrained and investment growth is insufficient,\" the central bank said in monetary policy report, according to a CNBC translation of the Chinese text.\n\"If we have prices rising in China, it's not demand overheating domestically, which could warrant change of monetary policy to slow that,\" Francoise Huang, senior economist at Euler Hermes said.\n\nBEIJING — While investors around the world fret over inflation, China's central bank has more problems than rising prices to worry about.\nCentral banks worldwide have kept monetary policies easy and interest rates lower in a bid to support growth in the wake of the coronavirus pandemic last year, and China is no exception.\nNow as consumer and producer prices climb, investors are on edge as they try to discern if central banks will be raising interest rates.\nBut thePeople's Bank of China— and economists parsing its statements — are not as worried about inflation, or expecting much monetary policy change as the country faces more pressing risks.\nIn its report on first quarter monetary policy released late Tuesday, the central bank focused on how thefoundation for China's economic recovery is not solid.\n\"Residents' consumption is still constrained and investment growth is insufficient,\" the report said, according to a CNBC translation of the Chinese text. The PBOC added that smaller, privately run businesses still face difficulties, and ensuring employment remains a great challenge.\nThe report talked at length about an increase in inflation globally, and forecast China's producer prices would rise later this year as commodity prices climb worldwide. The central bank also noted that rising inflation in major economies has increased the pressure of currency depreciation and capital flows for some emerging economies.\nData out this week showedU.S. consumer prices posted their fastest increase since September 2008,at 4.2% in April. Meanwhile,producer prices rose 6.2%in their fastest increase in the index's roughly one-decade history.\nThe S&P 500 has fallen more than 2% so far this week, while the10-year Treasurybrieflyhit a one-month highof nearly 1.69%.It's not clear if the latest rise in U.S. inflation will be a negative for stocks in the long term.\nChina keeps rates steady\nThe Chinese 10-year government bond yield has held above 3.1%, while the Shanghai composite has climbed 2% this week.China said Tuesday its producer prices rose in Aprilby their fastest in more than three years — up 6.8%. But consumer prices edged up just 0.9% as pork prices fell.\n\"If we have prices rising in China, it's not demand overheating domestically, which could warrant change of monetary policy to slow that,\" said Francoise Huang, senior economist at Euler Hermes, a subsidiary of Allianz, in a phone interview Wednesday. \"I continue to think the policy rates will not be changed this year.\"\nThe Chinese central bank has kept its benchmark lending rate, theloan prime rate, unchanged for a year.The next monthly announcement on the rate is due May 20.\nIn its quarterly report this week, the central bank added that \"prudent\" monetary policy would be flexible, targeted and appropriate.\nHigh employment pressure\nZong Liang, chief researcher at the Bank of China, doesn't expect China's monetary policy to change until the second half of the year, at the earliest. He noted the central bank kept policy relatively tighter in the last two years versus that of other countries.\nAlthough he expects Chinese consumers will pick up their spending in the second quarter, especially as China steps up local vaccinations, consumption is still in a period of recovery, Zong said.\nIn a sign of Beijing's caution on the economy, authorities said at a meeting Wednesday that pressure to support employment remains high. The central government decided at the meeting to extend pandemic-erasupport for unemployment until the end of this year.\nHowever, the level of support was scaled back from what it was last year. China's economy grew 18.3% in the first quarter, from a contraction last year amid the height of the pandemic.\n\n We think a hasty withdrawal of stimulus policies will also bring about new financial risks.Ligang LiuCHIEF CHINA ECONOMIST, CITI RESEARCH\n\nSeparately, data out Wednesday showedloan growth slowed more than expected in April, which some economists said reflected credit tightening.\n\"We think monetary conditions have likely tightened, but overall credit policy remains supportive for a more balanced recovery of the real economy, considering the relatively robust medium-term and long-term loan growth,\" said Bruce Pang, head of macro and strategy research at China Renaissance.\n“The sharper-than-expected slowdown in short-term loan issuance in April may also (be) due in part to regulators’ increased scrutiny on the illegal use of business and consumption loans for property financing,” he said.\nRisks in real estate\nReal estate is one of the primary areas of investment — and speculation — in China. In an attempt to keep price gains from getting out of hand, authorities have tried to act cautiously.\nThe People’s Bank of China said in its first quarter monetary policy report that house prices must be kept stable, and emphasized that houses are for living, not speculation.\nAlthough markets appear to believe China will accelerate its exit from policies implemented in the wake of the coronavirus pandemic, there isn’t a strong case right now for the central bank to do so, Ligang Liu, chief China economist at Citi Research, said in a statement.\n“Financial fragility has increased, represented by the enlarged property bubble, elevated debt level, and enhanced default risk,” Liu said. “We think a hasty withdrawal of stimulus policies will also bring about new financial risks.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4343202,"gmtCreate":1621142722289,"gmtModify":1635408466705,"authorId":3581505873268125,"author":{"id":3581505873268125,"idStr":"3581505873268125","authorId":3581505873268125,"name":"RichestFoo","avatar":"https://static.tigerbbs.com/443e60b58fbb591e5a075eb182f9aae2","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":192062107,"type":1,"supId":0,"prevId":0,"content":"win lottery","text":"win lottery","html":"win lottery"},{"id":4349721,"gmtCreate":1621213745653,"gmtModify":1635407892048,"authorId":3582360052677778,"author":{"id":3582360052677778,"idStr":"3582360052677778","authorId":3582360052677778,"name":"ShirlySuet","avatar":"https://static.tigerbbs.com/57d93e0a20280806b45e744b5e2a11cb","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":192062107,"type":1,"supId":4343202,"prevId":0,"content":"okay, go to buy <u>now</u>","text":"okay, go to buy <u>now</u>","html":"okay, go to buy <u>now</u>"}],"langContent":"EN"},{"id":196097335,"gmtCreate":1620998458327,"gmtModify":1634194685281,"author":{"id":"3575544839686991","authorId":"3575544839686991","name":"james33738","avatar":"https://static.tigerbbs.com/e76f4a02d378ba161c6666637ecbba14","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3575544839686991","authorIdStr":"3575544839686991"},"htmlText":"Comment pls","listText":"Comment pls","text":"Comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/196097335","repostId":1174779667,"repostType":4,"repost":{"id":"1174779667","kind":"news","pubTimestamp":1620990556,"share":"https://www.laohu8.com/m/news/1174779667?lang=&edition=full","pubTime":"2021-05-14 19:09","market":"hk","language":"en","title":"China is concerned about inflation – but it’s not the top priority right now","url":"https://stock-news.laohu8.com/highlight/detail?id=1174779667","media":"cnbc","summary":"KEY POINTS\n\nThe People's Bank of China — and economists parsing its statements —are not as worried a","content":"<div>\n<p>KEY POINTS\n\nThe People's Bank of China — and economists parsing its statements —are not as worried about inflation, or expecting much monetary policy change as the country faces more pressing risks.\n\"...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/14/china-is-concerned-about-inflation-but-its-not-the-top-priority.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China is concerned about inflation – but it’s not the top priority right now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina is concerned about inflation – but it’s not the top priority right now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-14 19:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/05/14/china-is-concerned-about-inflation-but-its-not-the-top-priority.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nThe People's Bank of China — and economists parsing its statements —are not as worried about inflation, or expecting much monetary policy change as the country faces more pressing risks.\n\"...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/14/china-is-concerned-about-inflation-but-its-not-the-top-priority.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","000001.SH":"上证指数"},"source_url":"https://www.cnbc.com/2021/05/14/china-is-concerned-about-inflation-but-its-not-the-top-priority.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1174779667","content_text":"KEY POINTS\n\nThe People's Bank of China — and economists parsing its statements —are not as worried about inflation, or expecting much monetary policy change as the country faces more pressing risks.\n\"Residents' consumption is still constrained and investment growth is insufficient,\" the central bank said in monetary policy report, according to a CNBC translation of the Chinese text.\n\"If we have prices rising in China, it's not demand overheating domestically, which could warrant change of monetary policy to slow that,\" Francoise Huang, senior economist at Euler Hermes said.\n\nBEIJING — While investors around the world fret over inflation, China's central bank has more problems than rising prices to worry about.\nCentral banks worldwide have kept monetary policies easy and interest rates lower in a bid to support growth in the wake of the coronavirus pandemic last year, and China is no exception.\nNow as consumer and producer prices climb, investors are on edge as they try to discern if central banks will be raising interest rates.\nBut thePeople's Bank of China— and economists parsing its statements — are not as worried about inflation, or expecting much monetary policy change as the country faces more pressing risks.\nIn its report on first quarter monetary policy released late Tuesday, the central bank focused on how thefoundation for China's economic recovery is not solid.\n\"Residents' consumption is still constrained and investment growth is insufficient,\" the report said, according to a CNBC translation of the Chinese text. The PBOC added that smaller, privately run businesses still face difficulties, and ensuring employment remains a great challenge.\nThe report talked at length about an increase in inflation globally, and forecast China's producer prices would rise later this year as commodity prices climb worldwide. The central bank also noted that rising inflation in major economies has increased the pressure of currency depreciation and capital flows for some emerging economies.\nData out this week showedU.S. consumer prices posted their fastest increase since September 2008,at 4.2% in April. Meanwhile,producer prices rose 6.2%in their fastest increase in the index's roughly one-decade history.\nThe S&P 500 has fallen more than 2% so far this week, while the10-year Treasurybrieflyhit a one-month highof nearly 1.69%.It's not clear if the latest rise in U.S. inflation will be a negative for stocks in the long term.\nChina keeps rates steady\nThe Chinese 10-year government bond yield has held above 3.1%, while the Shanghai composite has climbed 2% this week.China said Tuesday its producer prices rose in Aprilby their fastest in more than three years — up 6.8%. But consumer prices edged up just 0.9% as pork prices fell.\n\"If we have prices rising in China, it's not demand overheating domestically, which could warrant change of monetary policy to slow that,\" said Francoise Huang, senior economist at Euler Hermes, a subsidiary of Allianz, in a phone interview Wednesday. \"I continue to think the policy rates will not be changed this year.\"\nThe Chinese central bank has kept its benchmark lending rate, theloan prime rate, unchanged for a year.The next monthly announcement on the rate is due May 20.\nIn its quarterly report this week, the central bank added that \"prudent\" monetary policy would be flexible, targeted and appropriate.\nHigh employment pressure\nZong Liang, chief researcher at the Bank of China, doesn't expect China's monetary policy to change until the second half of the year, at the earliest. He noted the central bank kept policy relatively tighter in the last two years versus that of other countries.\nAlthough he expects Chinese consumers will pick up their spending in the second quarter, especially as China steps up local vaccinations, consumption is still in a period of recovery, Zong said.\nIn a sign of Beijing's caution on the economy, authorities said at a meeting Wednesday that pressure to support employment remains high. The central government decided at the meeting to extend pandemic-erasupport for unemployment until the end of this year.\nHowever, the level of support was scaled back from what it was last year. China's economy grew 18.3% in the first quarter, from a contraction last year amid the height of the pandemic.\n\n We think a hasty withdrawal of stimulus policies will also bring about new financial risks.Ligang LiuCHIEF CHINA ECONOMIST, CITI RESEARCH\n\nSeparately, data out Wednesday showedloan growth slowed more than expected in April, which some economists said reflected credit tightening.\n\"We think monetary conditions have likely tightened, but overall credit policy remains supportive for a more balanced recovery of the real economy, considering the relatively robust medium-term and long-term loan growth,\" said Bruce Pang, head of macro and strategy research at China Renaissance.\n“The sharper-than-expected slowdown in short-term loan issuance in April may also (be) due in part to regulators’ increased scrutiny on the illegal use of business and consumption loans for property financing,” he said.\nRisks in real estate\nReal estate is one of the primary areas of investment — and speculation — in China. In an attempt to keep price gains from getting out of hand, authorities have tried to act cautiously.\nThe People’s Bank of China said in its first quarter monetary policy report that house prices must be kept stable, and emphasized that houses are for living, not speculation.\nAlthough markets appear to believe China will accelerate its exit from policies implemented in the wake of the coronavirus pandemic, there isn’t a strong case right now for the central bank to do so, Ligang Liu, chief China economist at Citi Research, said in a statement.\n“Financial fragility has increased, represented by the enlarged property bubble, elevated debt level, and enhanced default risk,” Liu said. “We think a hasty withdrawal of stimulus policies will also bring about new financial risks.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4327363,"gmtCreate":1620999405426,"gmtModify":1635495259314,"authorId":3568766180831566,"author":{"id":3568766180831566,"idStr":"3568766180831566","authorId":3568766180831566,"name":"CasperLai","avatar":"https://static.tigerbbs.com/c5e9fab991a16c3f76bc62ae577aab33","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":196097335,"type":1,"supId":0,"prevId":0,"content":"thanks <u>mate</u>","text":"thanks <u>mate</u>","html":"thanks <u>mate</u>"},{"id":4347085,"gmtCreate":1621199977798,"gmtModify":1635408125335,"authorId":3578911332049824,"author":{"id":3578911332049824,"idStr":"3578911332049824","authorId":3578911332049824,"name":"FongLing","avatar":"https://static.tigerbbs.com/450c295f4ac0d8b1cf86a75c3a5bf721","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":196097335,"type":1,"supId":0,"prevId":0,"content":"Done","text":"Done","html":"Done"}],"langContent":"EN"},{"id":198744437,"gmtCreate":1620995664029,"gmtModify":1634194707542,"author":{"id":"3547200895058303","authorId":"3547200895058303","name":"YHHH","avatar":"https://static.tigerbbs.com/8070522a16d3e44938774187cdc9c610","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3547200895058303","authorIdStr":"3547200895058303"},"htmlText":"Isnt inflation good fir companies?&nbsp;","listText":"Isnt inflation good fir companies?&nbsp;","text":"Isnt inflation good fir companies?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/198744437","repostId":1174779667,"repostType":4,"repost":{"id":"1174779667","kind":"news","pubTimestamp":1620990556,"share":"https://www.laohu8.com/m/news/1174779667?lang=&edition=full","pubTime":"2021-05-14 19:09","market":"hk","language":"en","title":"China is concerned about inflation – but it’s not the top priority right now","url":"https://stock-news.laohu8.com/highlight/detail?id=1174779667","media":"cnbc","summary":"KEY POINTS\n\nThe People's Bank of China — and economists parsing its statements —are not as worried a","content":"<div>\n<p>KEY POINTS\n\nThe People's Bank of China — and economists parsing its statements —are not as worried about inflation, or expecting much monetary policy change as the country faces more pressing risks.\n\"...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/14/china-is-concerned-about-inflation-but-its-not-the-top-priority.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China is concerned about inflation – but it’s not the top priority right now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina is concerned about inflation – but it’s not the top priority right now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-14 19:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/05/14/china-is-concerned-about-inflation-but-its-not-the-top-priority.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nThe People's Bank of China — and economists parsing its statements —are not as worried about inflation, or expecting much monetary policy change as the country faces more pressing risks.\n\"...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/14/china-is-concerned-about-inflation-but-its-not-the-top-priority.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","000001.SH":"上证指数"},"source_url":"https://www.cnbc.com/2021/05/14/china-is-concerned-about-inflation-but-its-not-the-top-priority.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1174779667","content_text":"KEY POINTS\n\nThe People's Bank of China — and economists parsing its statements —are not as worried about inflation, or expecting much monetary policy change as the country faces more pressing risks.\n\"Residents' consumption is still constrained and investment growth is insufficient,\" the central bank said in monetary policy report, according to a CNBC translation of the Chinese text.\n\"If we have prices rising in China, it's not demand overheating domestically, which could warrant change of monetary policy to slow that,\" Francoise Huang, senior economist at Euler Hermes said.\n\nBEIJING — While investors around the world fret over inflation, China's central bank has more problems than rising prices to worry about.\nCentral banks worldwide have kept monetary policies easy and interest rates lower in a bid to support growth in the wake of the coronavirus pandemic last year, and China is no exception.\nNow as consumer and producer prices climb, investors are on edge as they try to discern if central banks will be raising interest rates.\nBut thePeople's Bank of China— and economists parsing its statements — are not as worried about inflation, or expecting much monetary policy change as the country faces more pressing risks.\nIn its report on first quarter monetary policy released late Tuesday, the central bank focused on how thefoundation for China's economic recovery is not solid.\n\"Residents' consumption is still constrained and investment growth is insufficient,\" the report said, according to a CNBC translation of the Chinese text. The PBOC added that smaller, privately run businesses still face difficulties, and ensuring employment remains a great challenge.\nThe report talked at length about an increase in inflation globally, and forecast China's producer prices would rise later this year as commodity prices climb worldwide. The central bank also noted that rising inflation in major economies has increased the pressure of currency depreciation and capital flows for some emerging economies.\nData out this week showedU.S. consumer prices posted their fastest increase since September 2008,at 4.2% in April. Meanwhile,producer prices rose 6.2%in their fastest increase in the index's roughly one-decade history.\nThe S&P 500 has fallen more than 2% so far this week, while the10-year Treasurybrieflyhit a one-month highof nearly 1.69%.It's not clear if the latest rise in U.S. inflation will be a negative for stocks in the long term.\nChina keeps rates steady\nThe Chinese 10-year government bond yield has held above 3.1%, while the Shanghai composite has climbed 2% this week.China said Tuesday its producer prices rose in Aprilby their fastest in more than three years — up 6.8%. But consumer prices edged up just 0.9% as pork prices fell.\n\"If we have prices rising in China, it's not demand overheating domestically, which could warrant change of monetary policy to slow that,\" said Francoise Huang, senior economist at Euler Hermes, a subsidiary of Allianz, in a phone interview Wednesday. \"I continue to think the policy rates will not be changed this year.\"\nThe Chinese central bank has kept its benchmark lending rate, theloan prime rate, unchanged for a year.The next monthly announcement on the rate is due May 20.\nIn its quarterly report this week, the central bank added that \"prudent\" monetary policy would be flexible, targeted and appropriate.\nHigh employment pressure\nZong Liang, chief researcher at the Bank of China, doesn't expect China's monetary policy to change until the second half of the year, at the earliest. He noted the central bank kept policy relatively tighter in the last two years versus that of other countries.\nAlthough he expects Chinese consumers will pick up their spending in the second quarter, especially as China steps up local vaccinations, consumption is still in a period of recovery, Zong said.\nIn a sign of Beijing's caution on the economy, authorities said at a meeting Wednesday that pressure to support employment remains high. The central government decided at the meeting to extend pandemic-erasupport for unemployment until the end of this year.\nHowever, the level of support was scaled back from what it was last year. China's economy grew 18.3% in the first quarter, from a contraction last year amid the height of the pandemic.\n\n We think a hasty withdrawal of stimulus policies will also bring about new financial risks.Ligang LiuCHIEF CHINA ECONOMIST, CITI RESEARCH\n\nSeparately, data out Wednesday showedloan growth slowed more than expected in April, which some economists said reflected credit tightening.\n\"We think monetary conditions have likely tightened, but overall credit policy remains supportive for a more balanced recovery of the real economy, considering the relatively robust medium-term and long-term loan growth,\" said Bruce Pang, head of macro and strategy research at China Renaissance.\n“The sharper-than-expected slowdown in short-term loan issuance in April may also (be) due in part to regulators’ increased scrutiny on the illegal use of business and consumption loans for property financing,” he said.\nRisks in real estate\nReal estate is one of the primary areas of investment — and speculation — in China. In an attempt to keep price gains from getting out of hand, authorities have tried to act cautiously.\nThe People’s Bank of China said in its first quarter monetary policy report that house prices must be kept stable, and emphasized that houses are for living, not speculation.\nAlthough markets appear to believe China will accelerate its exit from policies implemented in the wake of the coronavirus pandemic, there isn’t a strong case right now for the central bank to do so, Ligang Liu, chief China economist at Citi Research, said in a statement.\n“Financial fragility has increased, represented by the enlarged property bubble, elevated debt level, and enhanced default risk,” Liu said. “We think a hasty withdrawal of stimulus policies will also bring about new financial risks.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":198766834,"gmtCreate":1620992132828,"gmtModify":1634194731363,"author":{"id":"3569449289814408","authorId":"3569449289814408","name":"maxdjin","avatar":"https://static.tigerbbs.com/6ac13e14a6ff44a4758ba40437ae7929","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3569449289814408","authorIdStr":"3569449289814408"},"htmlText":"Hello three&nbsp;","listText":"Hello three&nbsp;","text":"Hello three","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/198766834","repostId":1174779667,"repostType":4,"repost":{"id":"1174779667","kind":"news","pubTimestamp":1620990556,"share":"https://www.laohu8.com/m/news/1174779667?lang=&edition=full","pubTime":"2021-05-14 19:09","market":"hk","language":"en","title":"China is concerned about inflation – but it’s not the top priority right now","url":"https://stock-news.laohu8.com/highlight/detail?id=1174779667","media":"cnbc","summary":"KEY POINTS\n\nThe People's Bank of China — and economists parsing its statements —are not as worried a","content":"<div>\n<p>KEY POINTS\n\nThe People's Bank of China — and economists parsing its statements —are not as worried about inflation, or expecting much monetary policy change as the country faces more pressing risks.\n\"...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/14/china-is-concerned-about-inflation-but-its-not-the-top-priority.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China is concerned about inflation – but it’s not the top priority right now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina is concerned about inflation – but it’s not the top priority right now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-14 19:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/05/14/china-is-concerned-about-inflation-but-its-not-the-top-priority.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nThe People's Bank of China — and economists parsing its statements —are not as worried about inflation, or expecting much monetary policy change as the country faces more pressing risks.\n\"...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/14/china-is-concerned-about-inflation-but-its-not-the-top-priority.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","000001.SH":"上证指数"},"source_url":"https://www.cnbc.com/2021/05/14/china-is-concerned-about-inflation-but-its-not-the-top-priority.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1174779667","content_text":"KEY POINTS\n\nThe People's Bank of China — and economists parsing its statements —are not as worried about inflation, or expecting much monetary policy change as the country faces more pressing risks.\n\"Residents' consumption is still constrained and investment growth is insufficient,\" the central bank said in monetary policy report, according to a CNBC translation of the Chinese text.\n\"If we have prices rising in China, it's not demand overheating domestically, which could warrant change of monetary policy to slow that,\" Francoise Huang, senior economist at Euler Hermes said.\n\nBEIJING — While investors around the world fret over inflation, China's central bank has more problems than rising prices to worry about.\nCentral banks worldwide have kept monetary policies easy and interest rates lower in a bid to support growth in the wake of the coronavirus pandemic last year, and China is no exception.\nNow as consumer and producer prices climb, investors are on edge as they try to discern if central banks will be raising interest rates.\nBut thePeople's Bank of China— and economists parsing its statements — are not as worried about inflation, or expecting much monetary policy change as the country faces more pressing risks.\nIn its report on first quarter monetary policy released late Tuesday, the central bank focused on how thefoundation for China's economic recovery is not solid.\n\"Residents' consumption is still constrained and investment growth is insufficient,\" the report said, according to a CNBC translation of the Chinese text. The PBOC added that smaller, privately run businesses still face difficulties, and ensuring employment remains a great challenge.\nThe report talked at length about an increase in inflation globally, and forecast China's producer prices would rise later this year as commodity prices climb worldwide. The central bank also noted that rising inflation in major economies has increased the pressure of currency depreciation and capital flows for some emerging economies.\nData out this week showedU.S. consumer prices posted their fastest increase since September 2008,at 4.2% in April. Meanwhile,producer prices rose 6.2%in their fastest increase in the index's roughly one-decade history.\nThe S&P 500 has fallen more than 2% so far this week, while the10-year Treasurybrieflyhit a one-month highof nearly 1.69%.It's not clear if the latest rise in U.S. inflation will be a negative for stocks in the long term.\nChina keeps rates steady\nThe Chinese 10-year government bond yield has held above 3.1%, while the Shanghai composite has climbed 2% this week.China said Tuesday its producer prices rose in Aprilby their fastest in more than three years — up 6.8%. But consumer prices edged up just 0.9% as pork prices fell.\n\"If we have prices rising in China, it's not demand overheating domestically, which could warrant change of monetary policy to slow that,\" said Francoise Huang, senior economist at Euler Hermes, a subsidiary of Allianz, in a phone interview Wednesday. \"I continue to think the policy rates will not be changed this year.\"\nThe Chinese central bank has kept its benchmark lending rate, theloan prime rate, unchanged for a year.The next monthly announcement on the rate is due May 20.\nIn its quarterly report this week, the central bank added that \"prudent\" monetary policy would be flexible, targeted and appropriate.\nHigh employment pressure\nZong Liang, chief researcher at the Bank of China, doesn't expect China's monetary policy to change until the second half of the year, at the earliest. He noted the central bank kept policy relatively tighter in the last two years versus that of other countries.\nAlthough he expects Chinese consumers will pick up their spending in the second quarter, especially as China steps up local vaccinations, consumption is still in a period of recovery, Zong said.\nIn a sign of Beijing's caution on the economy, authorities said at a meeting Wednesday that pressure to support employment remains high. The central government decided at the meeting to extend pandemic-erasupport for unemployment until the end of this year.\nHowever, the level of support was scaled back from what it was last year. China's economy grew 18.3% in the first quarter, from a contraction last year amid the height of the pandemic.\n\n We think a hasty withdrawal of stimulus policies will also bring about new financial risks.Ligang LiuCHIEF CHINA ECONOMIST, CITI RESEARCH\n\nSeparately, data out Wednesday showedloan growth slowed more than expected in April, which some economists said reflected credit tightening.\n\"We think monetary conditions have likely tightened, but overall credit policy remains supportive for a more balanced recovery of the real economy, considering the relatively robust medium-term and long-term loan growth,\" said Bruce Pang, head of macro and strategy research at China Renaissance.\n“The sharper-than-expected slowdown in short-term loan issuance in April may also (be) due in part to regulators’ increased scrutiny on the illegal use of business and consumption loans for property financing,” he said.\nRisks in real estate\nReal estate is one of the primary areas of investment — and speculation — in China. In an attempt to keep price gains from getting out of hand, authorities have tried to act cautiously.\nThe People’s Bank of China said in its first quarter monetary policy report that house prices must be kept stable, and emphasized that houses are for living, not speculation.\nAlthough markets appear to believe China will accelerate its exit from policies implemented in the wake of the coronavirus pandemic, there isn’t a strong case right now for the central bank to do so, Ligang Liu, chief China economist at Citi Research, said in a statement.\n“Financial fragility has increased, represented by the enlarged property bubble, elevated debt level, and enhanced default risk,” Liu said. “We think a hasty withdrawal of stimulus policies will also bring about new financial risks.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":198783396,"gmtCreate":1620990769415,"gmtModify":1634194739801,"author":{"id":"3571302514057319","authorId":"3571302514057319","name":"Lailailai","avatar":"https://static.tigerbbs.com/c27cb3580fc538fd97b8bb476e98995b","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3571302514057319","authorIdStr":"3571302514057319"},"htmlText":"Hmmmm","listText":"Hmmmm","text":"Hmmmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/198783396","repostId":1174779667,"repostType":4,"repost":{"id":"1174779667","kind":"news","pubTimestamp":1620990556,"share":"https://www.laohu8.com/m/news/1174779667?lang=&edition=full","pubTime":"2021-05-14 19:09","market":"hk","language":"en","title":"China is concerned about inflation – but it’s not the top priority right now","url":"https://stock-news.laohu8.com/highlight/detail?id=1174779667","media":"cnbc","summary":"KEY POINTS\n\nThe People's Bank of China — and economists parsing its statements —are not as worried a","content":"<div>\n<p>KEY POINTS\n\nThe People's Bank of China — and economists parsing its statements —are not as worried about inflation, or expecting much monetary policy change as the country faces more pressing risks.\n\"...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/14/china-is-concerned-about-inflation-but-its-not-the-top-priority.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China is concerned about inflation – but it’s not the top priority right now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina is concerned about inflation – but it’s not the top priority right now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-14 19:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/05/14/china-is-concerned-about-inflation-but-its-not-the-top-priority.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nThe People's Bank of China — and economists parsing its statements —are not as worried about inflation, or expecting much monetary policy change as the country faces more pressing risks.\n\"...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/14/china-is-concerned-about-inflation-but-its-not-the-top-priority.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","000001.SH":"上证指数"},"source_url":"https://www.cnbc.com/2021/05/14/china-is-concerned-about-inflation-but-its-not-the-top-priority.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1174779667","content_text":"KEY POINTS\n\nThe People's Bank of China — and economists parsing its statements —are not as worried about inflation, or expecting much monetary policy change as the country faces more pressing risks.\n\"Residents' consumption is still constrained and investment growth is insufficient,\" the central bank said in monetary policy report, according to a CNBC translation of the Chinese text.\n\"If we have prices rising in China, it's not demand overheating domestically, which could warrant change of monetary policy to slow that,\" Francoise Huang, senior economist at Euler Hermes said.\n\nBEIJING — While investors around the world fret over inflation, China's central bank has more problems than rising prices to worry about.\nCentral banks worldwide have kept monetary policies easy and interest rates lower in a bid to support growth in the wake of the coronavirus pandemic last year, and China is no exception.\nNow as consumer and producer prices climb, investors are on edge as they try to discern if central banks will be raising interest rates.\nBut thePeople's Bank of China— and economists parsing its statements — are not as worried about inflation, or expecting much monetary policy change as the country faces more pressing risks.\nIn its report on first quarter monetary policy released late Tuesday, the central bank focused on how thefoundation for China's economic recovery is not solid.\n\"Residents' consumption is still constrained and investment growth is insufficient,\" the report said, according to a CNBC translation of the Chinese text. The PBOC added that smaller, privately run businesses still face difficulties, and ensuring employment remains a great challenge.\nThe report talked at length about an increase in inflation globally, and forecast China's producer prices would rise later this year as commodity prices climb worldwide. The central bank also noted that rising inflation in major economies has increased the pressure of currency depreciation and capital flows for some emerging economies.\nData out this week showedU.S. consumer prices posted their fastest increase since September 2008,at 4.2% in April. Meanwhile,producer prices rose 6.2%in their fastest increase in the index's roughly one-decade history.\nThe S&P 500 has fallen more than 2% so far this week, while the10-year Treasurybrieflyhit a one-month highof nearly 1.69%.It's not clear if the latest rise in U.S. inflation will be a negative for stocks in the long term.\nChina keeps rates steady\nThe Chinese 10-year government bond yield has held above 3.1%, while the Shanghai composite has climbed 2% this week.China said Tuesday its producer prices rose in Aprilby their fastest in more than three years — up 6.8%. But consumer prices edged up just 0.9% as pork prices fell.\n\"If we have prices rising in China, it's not demand overheating domestically, which could warrant change of monetary policy to slow that,\" said Francoise Huang, senior economist at Euler Hermes, a subsidiary of Allianz, in a phone interview Wednesday. \"I continue to think the policy rates will not be changed this year.\"\nThe Chinese central bank has kept its benchmark lending rate, theloan prime rate, unchanged for a year.The next monthly announcement on the rate is due May 20.\nIn its quarterly report this week, the central bank added that \"prudent\" monetary policy would be flexible, targeted and appropriate.\nHigh employment pressure\nZong Liang, chief researcher at the Bank of China, doesn't expect China's monetary policy to change until the second half of the year, at the earliest. He noted the central bank kept policy relatively tighter in the last two years versus that of other countries.\nAlthough he expects Chinese consumers will pick up their spending in the second quarter, especially as China steps up local vaccinations, consumption is still in a period of recovery, Zong said.\nIn a sign of Beijing's caution on the economy, authorities said at a meeting Wednesday that pressure to support employment remains high. The central government decided at the meeting to extend pandemic-erasupport for unemployment until the end of this year.\nHowever, the level of support was scaled back from what it was last year. China's economy grew 18.3% in the first quarter, from a contraction last year amid the height of the pandemic.\n\n We think a hasty withdrawal of stimulus policies will also bring about new financial risks.Ligang LiuCHIEF CHINA ECONOMIST, CITI RESEARCH\n\nSeparately, data out Wednesday showedloan growth slowed more than expected in April, which some economists said reflected credit tightening.\n\"We think monetary conditions have likely tightened, but overall credit policy remains supportive for a more balanced recovery of the real economy, considering the relatively robust medium-term and long-term loan growth,\" said Bruce Pang, head of macro and strategy research at China Renaissance.\n“The sharper-than-expected slowdown in short-term loan issuance in April may also (be) due in part to regulators’ increased scrutiny on the illegal use of business and consumption loans for property financing,” he said.\nRisks in real estate\nReal estate is one of the primary areas of investment — and speculation — in China. In an attempt to keep price gains from getting out of hand, authorities have tried to act cautiously.\nThe People’s Bank of China said in its first quarter monetary policy report that house prices must be kept stable, and emphasized that houses are for living, not speculation.\nAlthough markets appear to believe China will accelerate its exit from policies implemented in the wake of the coronavirus pandemic, there isn’t a strong case right now for the central bank to do so, Ligang Liu, chief China economist at Citi Research, said in a statement.\n“Financial fragility has increased, represented by the enlarged property bubble, elevated debt level, and enhanced default risk,” Liu said. “We think a hasty withdrawal of stimulus policies will also bring about new financial risks.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":198789746,"gmtCreate":1620990722985,"gmtModify":1634194740043,"author":{"id":"3568766180831566","authorId":"3568766180831566","name":"CasperLai","avatar":"https://static.tigerbbs.com/c5e9fab991a16c3f76bc62ae577aab33","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3568766180831566","authorIdStr":"3568766180831566"},"htmlText":"Hello too!","listText":"Hello too!","text":"Hello too!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/198789746","repostId":1174779667,"repostType":4,"repost":{"id":"1174779667","kind":"news","pubTimestamp":1620990556,"share":"https://www.laohu8.com/m/news/1174779667?lang=&edition=full","pubTime":"2021-05-14 19:09","market":"hk","language":"en","title":"China is concerned about inflation – but it’s not the top priority right now","url":"https://stock-news.laohu8.com/highlight/detail?id=1174779667","media":"cnbc","summary":"KEY POINTS\n\nThe People's Bank of China — and economists parsing its statements —are not as worried a","content":"<div>\n<p>KEY POINTS\n\nThe People's Bank of China — and economists parsing its statements —are not as worried about inflation, or expecting much monetary policy change as the country faces more pressing risks.\n\"...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/14/china-is-concerned-about-inflation-but-its-not-the-top-priority.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China is concerned about inflation – but it’s not the top priority right now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina is concerned about inflation – but it’s not the top priority right now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-14 19:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/05/14/china-is-concerned-about-inflation-but-its-not-the-top-priority.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nThe People's Bank of China — and economists parsing its statements —are not as worried about inflation, or expecting much monetary policy change as the country faces more pressing risks.\n\"...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/14/china-is-concerned-about-inflation-but-its-not-the-top-priority.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","000001.SH":"上证指数"},"source_url":"https://www.cnbc.com/2021/05/14/china-is-concerned-about-inflation-but-its-not-the-top-priority.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1174779667","content_text":"KEY POINTS\n\nThe People's Bank of China — and economists parsing its statements —are not as worried about inflation, or expecting much monetary policy change as the country faces more pressing risks.\n\"Residents' consumption is still constrained and investment growth is insufficient,\" the central bank said in monetary policy report, according to a CNBC translation of the Chinese text.\n\"If we have prices rising in China, it's not demand overheating domestically, which could warrant change of monetary policy to slow that,\" Francoise Huang, senior economist at Euler Hermes said.\n\nBEIJING — While investors around the world fret over inflation, China's central bank has more problems than rising prices to worry about.\nCentral banks worldwide have kept monetary policies easy and interest rates lower in a bid to support growth in the wake of the coronavirus pandemic last year, and China is no exception.\nNow as consumer and producer prices climb, investors are on edge as they try to discern if central banks will be raising interest rates.\nBut thePeople's Bank of China— and economists parsing its statements — are not as worried about inflation, or expecting much monetary policy change as the country faces more pressing risks.\nIn its report on first quarter monetary policy released late Tuesday, the central bank focused on how thefoundation for China's economic recovery is not solid.\n\"Residents' consumption is still constrained and investment growth is insufficient,\" the report said, according to a CNBC translation of the Chinese text. The PBOC added that smaller, privately run businesses still face difficulties, and ensuring employment remains a great challenge.\nThe report talked at length about an increase in inflation globally, and forecast China's producer prices would rise later this year as commodity prices climb worldwide. The central bank also noted that rising inflation in major economies has increased the pressure of currency depreciation and capital flows for some emerging economies.\nData out this week showedU.S. consumer prices posted their fastest increase since September 2008,at 4.2% in April. Meanwhile,producer prices rose 6.2%in their fastest increase in the index's roughly one-decade history.\nThe S&P 500 has fallen more than 2% so far this week, while the10-year Treasurybrieflyhit a one-month highof nearly 1.69%.It's not clear if the latest rise in U.S. inflation will be a negative for stocks in the long term.\nChina keeps rates steady\nThe Chinese 10-year government bond yield has held above 3.1%, while the Shanghai composite has climbed 2% this week.China said Tuesday its producer prices rose in Aprilby their fastest in more than three years — up 6.8%. But consumer prices edged up just 0.9% as pork prices fell.\n\"If we have prices rising in China, it's not demand overheating domestically, which could warrant change of monetary policy to slow that,\" said Francoise Huang, senior economist at Euler Hermes, a subsidiary of Allianz, in a phone interview Wednesday. \"I continue to think the policy rates will not be changed this year.\"\nThe Chinese central bank has kept its benchmark lending rate, theloan prime rate, unchanged for a year.The next monthly announcement on the rate is due May 20.\nIn its quarterly report this week, the central bank added that \"prudent\" monetary policy would be flexible, targeted and appropriate.\nHigh employment pressure\nZong Liang, chief researcher at the Bank of China, doesn't expect China's monetary policy to change until the second half of the year, at the earliest. He noted the central bank kept policy relatively tighter in the last two years versus that of other countries.\nAlthough he expects Chinese consumers will pick up their spending in the second quarter, especially as China steps up local vaccinations, consumption is still in a period of recovery, Zong said.\nIn a sign of Beijing's caution on the economy, authorities said at a meeting Wednesday that pressure to support employment remains high. The central government decided at the meeting to extend pandemic-erasupport for unemployment until the end of this year.\nHowever, the level of support was scaled back from what it was last year. China's economy grew 18.3% in the first quarter, from a contraction last year amid the height of the pandemic.\n\n We think a hasty withdrawal of stimulus policies will also bring about new financial risks.Ligang LiuCHIEF CHINA ECONOMIST, CITI RESEARCH\n\nSeparately, data out Wednesday showedloan growth slowed more than expected in April, which some economists said reflected credit tightening.\n\"We think monetary conditions have likely tightened, but overall credit policy remains supportive for a more balanced recovery of the real economy, considering the relatively robust medium-term and long-term loan growth,\" said Bruce Pang, head of macro and strategy research at China Renaissance.\n“The sharper-than-expected slowdown in short-term loan issuance in April may also (be) due in part to regulators’ increased scrutiny on the illegal use of business and consumption loans for property financing,” he said.\nRisks in real estate\nReal estate is one of the primary areas of investment — and speculation — in China. In an attempt to keep price gains from getting out of hand, authorities have tried to act cautiously.\nThe People’s Bank of China said in its first quarter monetary policy report that house prices must be kept stable, and emphasized that houses are for living, not speculation.\nAlthough markets appear to believe China will accelerate its exit from policies implemented in the wake of the coronavirus pandemic, there isn’t a strong case right now for the central bank to do so, Ligang Liu, chief China economist at Citi Research, said in a statement.\n“Financial fragility has increased, represented by the enlarged property bubble, elevated debt level, and enhanced default risk,” Liu said. “We think a hasty withdrawal of stimulus policies will also bring about new financial risks.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4347087,"gmtCreate":1621199989346,"gmtModify":1635408125227,"authorId":3578911332049824,"author":{"id":3578911332049824,"idStr":"3578911332049824","authorId":3578911332049824,"name":"FongLing","avatar":"https://static.tigerbbs.com/450c295f4ac0d8b1cf86a75c3a5bf721","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":198789746,"type":1,"supId":0,"prevId":0,"content":"Hi hi","text":"Hi hi","html":"Hi hi"}],"langContent":"EN"},{"id":198717256,"gmtCreate":1620990579875,"gmtModify":1634194742086,"author":{"id":"3579220751420160","authorId":"3579220751420160","name":"Angel8888888","avatar":"https://static.tigerbbs.com/71fc4ab29f054bb2e134f3b1d997271e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3579220751420160","authorIdStr":"3579220751420160"},"htmlText":"Hello","listText":"Hello","text":"Hello","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/198717256","repostId":1174779667,"repostType":4,"repost":{"id":"1174779667","kind":"news","pubTimestamp":1620990556,"share":"https://www.laohu8.com/m/news/1174779667?lang=&edition=full","pubTime":"2021-05-14 19:09","market":"hk","language":"en","title":"China is concerned about inflation – but it’s not the top priority right now","url":"https://stock-news.laohu8.com/highlight/detail?id=1174779667","media":"cnbc","summary":"KEY POINTS\n\nThe People's Bank of China — and economists parsing its statements —are not as worried a","content":"<div>\n<p>KEY POINTS\n\nThe People's Bank of China — and economists parsing its statements —are not as worried about inflation, or expecting much monetary policy change as the country faces more pressing risks.\n\"...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/14/china-is-concerned-about-inflation-but-its-not-the-top-priority.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China is concerned about inflation – but it’s not the top priority right now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina is concerned about inflation – but it’s not the top priority right now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-14 19:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/05/14/china-is-concerned-about-inflation-but-its-not-the-top-priority.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nThe People's Bank of China — and economists parsing its statements —are not as worried about inflation, or expecting much monetary policy change as the country faces more pressing risks.\n\"...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/14/china-is-concerned-about-inflation-but-its-not-the-top-priority.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","000001.SH":"上证指数"},"source_url":"https://www.cnbc.com/2021/05/14/china-is-concerned-about-inflation-but-its-not-the-top-priority.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1174779667","content_text":"KEY POINTS\n\nThe People's Bank of China — and economists parsing its statements —are not as worried about inflation, or expecting much monetary policy change as the country faces more pressing risks.\n\"Residents' consumption is still constrained and investment growth is insufficient,\" the central bank said in monetary policy report, according to a CNBC translation of the Chinese text.\n\"If we have prices rising in China, it's not demand overheating domestically, which could warrant change of monetary policy to slow that,\" Francoise Huang, senior economist at Euler Hermes said.\n\nBEIJING — While investors around the world fret over inflation, China's central bank has more problems than rising prices to worry about.\nCentral banks worldwide have kept monetary policies easy and interest rates lower in a bid to support growth in the wake of the coronavirus pandemic last year, and China is no exception.\nNow as consumer and producer prices climb, investors are on edge as they try to discern if central banks will be raising interest rates.\nBut thePeople's Bank of China— and economists parsing its statements — are not as worried about inflation, or expecting much monetary policy change as the country faces more pressing risks.\nIn its report on first quarter monetary policy released late Tuesday, the central bank focused on how thefoundation for China's economic recovery is not solid.\n\"Residents' consumption is still constrained and investment growth is insufficient,\" the report said, according to a CNBC translation of the Chinese text. The PBOC added that smaller, privately run businesses still face difficulties, and ensuring employment remains a great challenge.\nThe report talked at length about an increase in inflation globally, and forecast China's producer prices would rise later this year as commodity prices climb worldwide. The central bank also noted that rising inflation in major economies has increased the pressure of currency depreciation and capital flows for some emerging economies.\nData out this week showedU.S. consumer prices posted their fastest increase since September 2008,at 4.2% in April. Meanwhile,producer prices rose 6.2%in their fastest increase in the index's roughly one-decade history.\nThe S&P 500 has fallen more than 2% so far this week, while the10-year Treasurybrieflyhit a one-month highof nearly 1.69%.It's not clear if the latest rise in U.S. inflation will be a negative for stocks in the long term.\nChina keeps rates steady\nThe Chinese 10-year government bond yield has held above 3.1%, while the Shanghai composite has climbed 2% this week.China said Tuesday its producer prices rose in Aprilby their fastest in more than three years — up 6.8%. But consumer prices edged up just 0.9% as pork prices fell.\n\"If we have prices rising in China, it's not demand overheating domestically, which could warrant change of monetary policy to slow that,\" said Francoise Huang, senior economist at Euler Hermes, a subsidiary of Allianz, in a phone interview Wednesday. \"I continue to think the policy rates will not be changed this year.\"\nThe Chinese central bank has kept its benchmark lending rate, theloan prime rate, unchanged for a year.The next monthly announcement on the rate is due May 20.\nIn its quarterly report this week, the central bank added that \"prudent\" monetary policy would be flexible, targeted and appropriate.\nHigh employment pressure\nZong Liang, chief researcher at the Bank of China, doesn't expect China's monetary policy to change until the second half of the year, at the earliest. He noted the central bank kept policy relatively tighter in the last two years versus that of other countries.\nAlthough he expects Chinese consumers will pick up their spending in the second quarter, especially as China steps up local vaccinations, consumption is still in a period of recovery, Zong said.\nIn a sign of Beijing's caution on the economy, authorities said at a meeting Wednesday that pressure to support employment remains high. The central government decided at the meeting to extend pandemic-erasupport for unemployment until the end of this year.\nHowever, the level of support was scaled back from what it was last year. China's economy grew 18.3% in the first quarter, from a contraction last year amid the height of the pandemic.\n\n We think a hasty withdrawal of stimulus policies will also bring about new financial risks.Ligang LiuCHIEF CHINA ECONOMIST, CITI RESEARCH\n\nSeparately, data out Wednesday showedloan growth slowed more than expected in April, which some economists said reflected credit tightening.\n\"We think monetary conditions have likely tightened, but overall credit policy remains supportive for a more balanced recovery of the real economy, considering the relatively robust medium-term and long-term loan growth,\" said Bruce Pang, head of macro and strategy research at China Renaissance.\n“The sharper-than-expected slowdown in short-term loan issuance in April may also (be) due in part to regulators’ increased scrutiny on the illegal use of business and consumption loans for property financing,” he said.\nRisks in real estate\nReal estate is one of the primary areas of investment — and speculation — in China. In an attempt to keep price gains from getting out of hand, authorities have tried to act cautiously.\nThe People’s Bank of China said in its first quarter monetary policy report that house prices must be kept stable, and emphasized that houses are for living, not speculation.\nAlthough markets appear to believe China will accelerate its exit from policies implemented in the wake of the coronavirus pandemic, there isn’t a strong case right now for the central bank to do so, Ligang Liu, chief China economist at Citi Research, said in a statement.\n“Financial fragility has increased, represented by the enlarged property bubble, elevated debt level, and enhanced default risk,” Liu said. “We think a hasty withdrawal of stimulus policies will also bring about new financial risks.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4326423,"gmtCreate":1620991466413,"gmtModify":1635495332232,"authorId":3581466055330001,"author":{"id":3581466055330001,"idStr":"3581466055330001","authorId":3581466055330001,"name":"Steventeo","avatar":"https://static.tigerbbs.com/f579b5cba569decf00183de8a6a2ab3e","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":198717256,"type":1,"supId":0,"prevId":0,"content":"<u>hihi</u>","text":"<u>hihi</u>","html":"<u>hihi</u>"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":30,"commentSize":7,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}