BEIJING (Reuters) – China is considering investments of up to $1.5 trillion over five years in seven strategic industries, sources said, a plan aimed at accelerating the country’s transition from the world’s supplier of cheap goods to a leading purveyor of high-value technologies.

Analysts expressed skepticism at the sheer amount of money — it equates to about 5 percent of China’s gross domestic product on an annual basis — but said that the eye-popping headline figure was an indication of the government’s determination to catalyze a structural shift in the economy.

BEIJING (Reuters) – China is considering investments of up to $1.5 trillion over five years in seven strategic industries, sources said, a plan aimed at accelerating the country’s transition from the world’s supplier of cheap goods to a leading purveyor of high-value technologies.

Analysts expressed scepticism at the sheer amount of money — it equates to about 5 percent of China’s gross domestic product on an annual basis — but said that the eye-popping headline figure was an indication of the government’s determination to catalyse a structural shift in the economy.

BEIJING (Reuters) – China is considering investments of up to $1.5 trillion over five years in seven strategic industries, sources said, a plan aimed at accelerating the country’s transition from the world’s supplier of cheap goods to a leading purveyor of high-value technologies.

Analysts expressed skepticism at the sheer amount of money — it equates to about 5 percent of China’s gross domestic product on an annual basis — but said that the eye-popping headline figure was an indication of the government’s determination to catalyze a structural shift in the economy.

BEIJING (Reuters) – China’s factories revved up production in November, but a big jump in input prices pointed to more inflationary pressure in the pipeline and a need for more monetary tightening.

The official Chinese purchasing managers’ index (PMI) rose to a seven-month high of 55.2 in November from 54.7 in October, topping the median forecast of 54.7 in a Reuters poll of 11 economists.

BEIJING (Reuters) – Much as critics of China’s currency policy would like to pin the blame for the country’s bout of inflation on an undervalued currency, the truth is that a cheap yuan is just one cause of rising prices and certainly not the trigger.

The corollary may be even more unsettling for them. Without much appreciation, Beijing should be able to wrestle prices under control.

BEIJING (Reuters) – China’s central bank said on Friday it will raise banks’ reserve requirements for the second time in two weeks, stepping up its battle to rein in prices before inflation has a chance to take off.

The People’s Bank of China said it would increase required reserve ratios by 50 basis points. The fifth such move to be announced this year, it takes required reserves to 18.5 percent for big banks, a record high.

BEIJING (Reuters) – China’s central bank said on Friday it will raise banks’ reserve requirements for the second time in two weeks, stepping up its battle to rein in prices before inflation has a chance to take off.

The People’s Bank of China said it would increase required reserve ratios by 50 basis points. The fifth such move to be announced this year, it takes required reserves to 18.5 percent for big banks, a record high.

BEIJING, Nov 19 (Reuters) – China’s central bank said on
Friday it will raise banks’ reserve requirements for the second
time in two weeks, stepping up its battle to rein in prices
before inflation has a chance to take off.

The People’s Bank of China said it would increase required
reserve ratios by 50 basis points. The fifth such move to be
announced this year, it takes required reserves to 18.5 percent
for big banks, a record high.

BEIJING (Reuters) – Much as critics of China’s currency policy would like to pin the blame for the country’s bout of inflation on an undervalued currency, the truth is that a cheap yuan is just one cause of rising prices and certainly not the trigger.

The corollary may be even more unsettling for them. Without much appreciation, Beijing should be able to wrestle prices under control.

BEIJING, Nov 18 (Reuters) – China has threatened to impose
price controls after soaring food costs pushed inflation to its
highest in more than two years, but monetary tightening may be
more effective in getting at the root of the problem.

Here are some questions and answers about inflation in
China, which has fueled public anger with the ruling Communist
Party in the past.