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A-Shares Rise, CPI Up 7.1%
CPI, consumer price index, macro
Posted by: Li Jun on Feb 19, 2008 | 17:02
Editorial Summary
The Shanghai Composite Index rose 2.1 percent on Tuesday to close at 4,664.3, while the Shenzhen Composite Index increased 2.2 percent to close at 1,435.6. Trading volume on the Shanghai and Shenzhen Stock Exchanges reached RMB103.4 billion and RMB52.3 billion, respectively.
China's consumer price index (CPI) rose 7.1 percent in January year-on-year, its highest annual level since 1997, the National Bureau of Statistics announced on its website on Tuesday. Driven by recent snowstorms, food prices led the rise at 18.2 percent in January, the same rate as in November 2007.
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