People suffered from the price
inflation.
人们遭受物价上涨之苦。
The rate of
inflation is running at about 1.5 percent.
通货膨胀率大约为1.5％。
Over the past couple of years,
inflation has been consistently lower than expected in Japan.
在过去的几年里，日本的通货膨胀持续低于预期。
Mark Wang, president and CEO of HSBC China, said that high inflation, lack of growth momentum and supply chain risks are the major concerns of overseas companies at present as they face many complexities and changes in the global economy.
汇丰银行中国区总裁兼首席执行官王表示，高通胀、增长动力不足和供应链风险是当前海外公司面临的主要担忧，因为它们面临着全球经济的许多复杂性和变化。
A: China is not in deflation yet – its core inflation is still positive, and headline inflation also turned positive again after one month of negative reading.
A： 中国还没有陷入通货紧缩——其核心通胀仍然是正的，总体通胀在一个月的负读数后也再次转正。
Overcoming the low inflation problem will require material improvement in the labor market and acceleration in wage growth.
克服低通胀问题需要劳动力市场的实质性改善和工资增长的加速。
He said manufacturing subsidies for solar components in the Inflation Reduction Act are extremely generous.
他说，《通胀削减法案》中对太阳能组件的制造补贴非常慷慨。
"Companies have announced over 55 GW of new module factories in the US after the passage of the Inflation Reduction Act.
“在《通胀削减法案》通过后，各公司已宣布在美国新建超过55吉瓦的模块工厂。
"In August 2022, the US introduced the Inflation Reduction Act to encourage the transition to clean energy domestically by providing substantial and clear incentives, particularly for domestic manufacturing.
“2022年8月，美国出台了《通胀削减法案》，通过提供实质性和明确的激励措施，特别是对国内制造业，鼓励国内向清洁能源转型。
Currently, the global economy is suffering from high inflation and downside risks but it is bound to be on a track of recovery and growth in the long run, said Yasunori Ogawa, president and CEO of Epson, adding he believed that the Chinese market still has huge growth potential.
爱普生总裁兼首席执行官Ogawa Yasunori表示，目前，全球经济正面临高通胀和下行风险，但从长远来看，它肯定会走上复苏和增长的轨道。他补充说，他相信中国市场仍有巨大的增长潜力。
He added that high-priced goods at LVMH's most expensive brands are holding up well in the United States, presumably due to wealthier shoppers who are less sensitive to inflation, student debt and the economy.
他补充说，路威酩轩集团最昂贵品牌的高价商品在美国表现良好，这可能是因为富裕的购物者对通货膨胀、学生债务和经济不太敏感。
David Chao, Invesco's global market strategist for the Asia-Pacific, excluding Japan, said Chinese equities provide very attractive valuations and the government has abundant policy tools available to accelerate the economy as domestic inflation remains low.
景顺亚太地区（不包括日本）全球市场策略师David Chao表示，中国股市提供了非常有吸引力的估值，在国内通胀保持低位的情况下，政府有充足的政策工具可以加速经济发展。
With the introduction of the Inflation Reduction Act (IRA), the domestic PV manufacturing capacity in the United States is accelerating and many Chinese companies are exploring investments to establish PV factories in the country, said Tan Youru, an analyst from BloombergNEF.
BloombergNEF分析师谭友儒表示，随着《通胀削减法案》（IRA）的出台，美国国内光伏生产能力正在加快，许多中国公司正在探索在该国投资建立光伏工厂。
This year, canned food exports from China have continued to rise as inflation remains high in some countries, with prices of food sourced locally soaring.
今年，由于一些国家的通货膨胀率居高不下，来自中国的罐头食品出口持续上升，当地食品价格飙升。
In the years ahead, given normal rates of inflation, the company set itself the goal of achieving an average annual sales growth of 6 to 8 percent and attain a margin of at least 7 percent, Hartung said.
Hartung说，在未来几年，考虑到正常的通货膨胀率，该公司为自己设定了实现6%至8%的年均销售额增长和至少7%的利润率的目标。
Despite the impact of COVID-19, less convenient transportation and soaring inflation in some parts of the world, Gestamp still managed to post 1.3 billion euros ($1.4 billion) in sales revenue in China last year, up 44.8 percent year-on-year, the company said.
该公司表示，尽管受到新冠肺炎、交通不太便利和世界部分地区通胀飙升的影响，盖世太普去年在中国的销售收入仍达到13亿欧元（14亿美元），同比增长44.8%。
It not only enables Ford to obtain various subsidies promised in the Inflation Reduction Act passed last year, but also helps CATL to avoid foreign investment security reviews to reduce some risks. "
这不仅使福特能够获得去年通过的《通胀削减法案》中承诺的各种补贴，还帮助CATL避免外国投资安全审查，以降低一些风险。"
Temu's strategy has gained returns especially in the recent holiday shopping season, when US customers were facing the highest inflation levels seen in a generation.
Temu的策略获得了回报，尤其是在最近的假日购物季，当时美国消费者面临着一代人以来最高的通货膨胀水平。
In the US, inflation peaked at 9.1 percent in 2022, marking a 40-year high.
在美国，通货膨胀率在2022年达到9.1%的峰值，创下40年来的新高。
'Every day Black Friday'Temu's "every day is Black Friday" approach and its strategy of giving free stuff and coupons to users who promote the app on social media appeared to be resonating with consumers in the US — amid inflation and recessionary fears, US consumers haven't seen prices this low for a long time.
“每天都是黑色星期五”Temu的“每一天都是黑色的星期五”方法及其向在社交媒体上推广该应用的用户提供免费商品和优惠券的策略似乎引起了美国消费者的共鸣——在通货膨胀和经济衰退的担忧中，美国消费者已经很久没有看到价格这么低了。
A portable mini humidifier for $3.48, 12 silicone bowl covers for $2.09 and a digital camera for children at $12.99 — amid inflation and recession fears, consumers in the United States haven't seen prices this low for a long time.
一台便携式迷你加湿器售价3.48美元，12个硅胶碗盖售价2.09美元，一台儿童数码相机售价12.99美元——在通货膨胀和经济衰退的担忧中，美国消费者已经很久没有看到价格这么低了。
Temu's deep discounts have resonated with US consumers, especially in the recent holiday shopping season, when they were facing the highest inflation in a generation, posing a new challenge to US e-commerce leader Amazon and other Western online stores.
Temu的大幅折扣引起了美国消费者的共鸣，尤其是在最近的假日购物季，他们面临着一代人以来最高的通货膨胀，这对美国电子商务领导者亚马逊和其他西方网店构成了新的挑战。
Producer price inflation, one gauge of industrial profitability, showed an annual fall for a second month in November, rekindling worries about slowing demand and weak activity.
衡量工业盈利能力的生产者价格通胀在11月连续第二个月出现年度下降，重新引发了人们对需求放缓和活动疲软的担忧。
As He understands things, ACE's investment strategy in China has proved valid especially over the past three years, when the market is more frequently disrupted by "black swan" or "gray rhino" events such as geopolitical tensions or inflation.
据他所知，ACE在中国的投资策略已被证明是有效的，尤其是在过去三年里，当市场更频繁地被地缘政治紧张局势或通货膨胀等“黑天鹅”或“灰犀牛”事件扰乱时。
This must have been a difficult year for owners and top executives of many companies as headwinds from geopolitical tensions, rising commodity prices, high-flying inflation, global economic recession, COVID-19 coming into its third year, to name just a few, have deepened markets' complexities.
对于许多公司的所有者和高管来说，今年一定是艰难的一年，因为地缘政治紧张局势、大宗商品价格上涨、高通胀、全球经济衰退、新冠肺炎即将进入第三个年头等不利因素加深了市场的复杂性。
"Despite rising inflation and global supply chain problems, we were again able to boost sales and earnings," said Werner Baumann, chairman of the Board of Management, when presenting the company's quarterly statement on Tuesday.
“尽管通货膨胀加剧，全球供应链出现问题，但我们再次能够提高销售额和收益，”管理委员会主席维尔纳·鲍曼周二在提交公司季度声明时表示。
- With the global economy facing multiple challenges including elevated inflation and the lingering COVID-19 pandemic, China's pledge of furthering opening-up will serve as a shot in the arm for many overseas investors who see vast opportunities in the Chinese economy in the coming years.
-随着全球经济面临通货膨胀加剧和新冠肺炎疫情持续等多重挑战，中国进一步开放的承诺将为许多海外投资者注入强心针，他们认为未来几年中国经济将面临巨大机遇。
BARRIOS: We are seeing global economic headwinds fueled by the ongoing COVID-19 pandemic, supply chain disruptions, rising inflation and climate change.
BARRIOS：我们看到，持续的新冠肺炎疫情、供应链中断、通胀上升和气候变化加剧了全球经济的逆风。
This year has shown that Chinese businesses have demonstrated the importance of building and maintaining a resilient brand, particularly when faced with uncertainty and global challenges, such as retail and supply chain disruptions, inflation, rising energy costs, and the resurgence of COVID-19 restrictions, said the report.
报告称，今年表明，中国企业已经证明了建立和维护一个有韧性的品牌的重要性，尤其是在面临不确定性和全球挑战时，如零售和供应链中断、通货膨胀、能源成本上升以及新冠肺炎限制措施死灰复燃。
A: In recent years, global economic risks have risen considerably amidst growing geopolitical conflicts, spreading inflation and supply chain disruptions.
A： 近年来，在地缘政治冲突加剧、通货膨胀蔓延和供应链中断的情况下，全球经济风险大幅上升。
As many countries worldwide are encountering uncertainties amid the Russia-Ukraine conflict, high inflation rates and slowing economic recovery, China's charm of attracting global capital will continue to grow, said Zheng Lei, chief economist at Shenzhen-based Samoyed Cloud Technology Group Holding Ltd. Business areas including new energy, consumption, high-end manufacturing and services will remain hot spots for global businesses, Zheng said.
深圳萨摩耶云科技集团有限公司首席经济学家郑磊表示，由于俄乌冲突、高通胀率和经济复苏放缓，全球许多国家都面临着不确定性，中国吸引全球资本的魅力将继续增强，郑表示，高端制造业和服务业仍将是全球企业发展的热点。
The performance came as Lenovo successfully overcame macro-environmental challenges and demonstrated both agility and resilience by navigating industry-wide supply shortages, pandemic disruptions, geopolitical uncertainties and higher inflation.
联想取得这一业绩之际，联想成功克服了宏观环境挑战，并通过应对全行业供应短缺、疫情中断、地缘政治不确定性和高通胀，展示了灵活性和韧性。
"In the past few years, digital marketing inflation has been super high… Marketers are now trying to be practical and not over-invest," said Baker, explaining the rationale behind the reshuffle and what the tilt toward traditional media means.
“在过去几年里，数字营销的通货膨胀率一直很高……营销人员现在正努力做到务实，而不是过度投资，”Baker说，他解释了重组背后的理由以及向传统媒体的倾斜意味着什么。
Owing to the lingering portfolio risks and potential inflation resulting from measures to counter the COVID-19 impact, there is potential for higher demand for the yellow metal across the world, especially in emerging markets such as China, said the World Gold Council in a news release in February.
According to the commission, adjusting the premium rate will help insurance companies avoid inflation in medical fees.
China is a very attractive market for investment, and the government is actively deploying policies while balancing inflation factors.
In addition to its usual range of products, Costco Shanghai will be offering free optometry and hearing tests, tire inflation and repair services.
The inflation so long-awaited by many is, however, challenging for insurers if inflation hikes are very sudden.
The country will also continue to modernize its financial system, mitigating the risks of asset inflation and income inequality even as it provides needed capital to a much broader set of enterprises.
Customers, squeezed by stagnant wage growth and inflation, are being cautious in their spending, Marks & Spencer stated.
"Kang Yi, head of the NBS, said on Wednesday that the country has ample room for boosting macroeconomic policy support given that the levels of government debt and inflation are relatively low, after the tone-setting Central Economic Work Conference held in December called for efforts to strengthen macroeconomic policy adjustments.
The consumer price index, a main gauge of inflation, is expected to witness a moderate increase this year, as China looks to bolster domestic demand and shift from the post-COVID consumption recovery to one of sustained expansion, officials and analysts said.
Data from the National Bureau of Statistics showed on Friday that the country's consumer price index, a main gauge of inflation, dropped by 0.3 percent year-on-year in December after a 0.5 percent drop in November.
The country's consumer price index, a main gauge of inflation, dropped by 0.3 percent year-on-year in December, the NBS said, after a 0.5 percent drop in November.
The global economic landscape is projected to witness low growth, moderate inflation and high US interest rates this year.
The primary triggers for rate reductions are economic deceleration and controlled inflation, potentially resulting in weaker external demand from the United States and Europe.
Although China's nominal interest rates are currently lower than those of the US, its real interest rate level, adjusted for inflation, is higher than that of the US.
China's consumer price index, a key gauge of inflation, dropped by 0.5 percent year-on-year in November, following a 0.2 percent dip in October, indicating that demand remained weak.
Zheng Houcheng, chief macroeconomist at Yingda Securities Co, said the PBOC will likely cut interest rates or the reserve requirement ratio — the proportion of money lenders must keep as reserves — in the first quarter of this year, when the economy needs support amid global economic downward pressures, while low inflation provides room for easing.
Zhou Nan, secretary-general of the China Chamber of Commerce for Import and Export of Machinery and Electronic Products' home appliances branch, said the growth of China's home appliance exports to Europe and North America slowed in 2023 due to high inflation and trade barriers, which prompted these manufacturers to seek growth points and expand their footprint in emerging markets.
Against the backdrop of high inflation globally, China maintained basic stability of price levels, the report said.
Although a ceiling of 3 percent has been historically applied to the consumer price index — a main gauge of inflation — it is proposed that a minimum limit of 1 percent be established in order to help boost expectations.
In an annual report, Rabobank, the Dutch bank specializing in comprehensive banking services for food and agricultural sectors, said that demand for farm products will remain low in 2024 due to economic problems, including high inflation and high interest rates, and will be further constrained by the slow development of the global economy.
The development bank revised down its forecast for China's inflation in 2023 from 0.7 percent in September to 0.5 percent while keeping the 2024 forecast unchanged at 2 percent.
"Inflation in the region is also gradually coming under control.
The region's inflation outlook for this year has been lowered to 3.5 percent from an earlier projection of 3.6 percent.
For next year, inflation is expected to edge up to 3.6 percent, compared with a previous forecast of 3.5 percent.
The report warned that potential supply disruptions caused by the El Nino weather pattern or the Russian-Ukraine conflict could also rekindle inflation, particularly regarding food and energy.
Fiscal and monetary policies should be harmonized to achieve that goal, Gong said, stressing that there is an urgent need to reduce interest rate levels as subdued inflation intensifies corporates' real cost to service their debt, which has impeded their investment willingness.
The People's Bank of China, the country's central bank, is likely to cut interest rates or the reserve requirement ratio in the first quarter next year, when the economy needs support amid global economic downward pressures while low inflation provides room for easing, Zheng said.
GUANGZHOU — Owing to factors like the COVID-19 pandemic and soaring inflation in some Western countries, Dongguan, a manufacturing powerhouse in South China's Guangdong province, has faced a decline in foreign trade in recent years.
Data released by the National Bureau of Statistics on Saturday offered the latest official snapshot of the pressures facing the economy, as the country's consumer price index — a main gauge of inflation — dropped by 0.5 percent year-on-year in November after a 0.2 percent dip in October.
The country's consumer price index, a main gauge of inflation, dipped by 0.5 percent year-on-year in November, the NBS said, after a 0.2 percent drop in October.
However, the macroeconomy has not yet come out of the woods overall, with the output gap, inflation level, asset prices and employment pressures all weighing on its momentum, leading to weak market confidence and risk appetite.
Yu Yongding, an academic member of the Chinese Academy of Social Sciences, told China Daily in an exclusive interview that it is necessary for the nation to set next year's GDP growth target at a rate that outruns this year's growth, as long as inflation remains subdued.
The potential growth rate refers to the highest possible rate at which an economy can grow without triggering inflation, while operating at full employment.
"As they are the world's two largest economies, improvement to their economic relations will inject greater positive energy into the world economy, especially as inflation in the US persists while global investment and trade slow down sharply," Zhang said.
The country's inflation may remain low before recovering in early 2024, creating favorable conditions for expanding next year's fiscal deficit and launching more monetary accommodative measures such as cutting the reserve requirement ratio — the proportion of money that lenders must keep as reserves — and interest rates, they said.
The consumer price index, a main gauge of inflation, dipped 0.2 percent year-on-year in October, the National Bureau of Statistics said on Thursday, versus a flat reading in September and marking the second such decline so far this year following a 0.3 percent drop in July.
Wen Bin, chief economist at China Minsheng Bank, said that China's inflation may remain subdued for a quarter before moderately recovering early next year, given that domestic demand improves slower than supply while external demand may remain sluggish.
China should and is likely to leverage the low inflation environment and provide continuous macroeconomic policy support, to facilitate the recovery in demand and thus economic growth, Zhou said.
Yu Yongding, an academic member of the Chinese Academy of Social Sciences, told China Daily in an exclusive interview that it is necessary for China to set next year's GDP growth target at a rate that outruns this year's growth as long as inflation remains subdued.
The potential growth rate refers to the highest possible rate at which an economy can grow without triggering inflation while operating at full employment.
The country's consumer price index, a main gauge of inflation, dipped by 0.2 percent year-on-year in October, the NBS said, after a flat reading in September, marking the second negative growth so far this year following a 0.3 percent drop in July.
Echoing Georgieva's views, Han Seung-soo, co-chairman of the IFF and former prime minister of the Republic of Korea, said China's robust growth and financial stability are very critical for the global community at a juncture where higher or more persistent global inflation could trigger a sharp repricing of financial assets that could potentially precipitate a crisis.
Global inflation, as measured by the growth in the consumer price index, may ease to 5.8 percent in 2024 from 7 percent this year.
Amid sticky inflation that may only ease to central bank targets by 2025 at the earliest in most economies, central banks of major developed economies may keep interest rates high for a relatively long time, said Zhou Xiaochuan, co-chairman of the IFF and former governor of the People's Bank of China, the country's central bank.
In summary, Chinese imports in general still largely contribute to improving the overall welfare of US citizens and reducing inflation.
Han Seung-soo, co-chairman of the IFF and former prime minister of the Republic of Korea, also said China's robust growth and financial stability are very critical for the global community at a juncture where higher or more persistent global inflation could trigger a sharp repricing of financial assets and potentially precipitate a crisis.
Global trade has been lackluster since the start of the year, weighed down by a number of factors, including high inflation, excessive inventories and geopolitical tensions, said Commerce Ministry spokeswoman Shu Jueting at a news conference in Beijing.
The pandemic affected many leading economies negatively, but unlike many other economies, China has avoided the scourge of high inflation, said Selcuk Colakoglu, director of the Ankara-based Turkish Center for Asia-Pacific Studies, in a recent interview with Xinhua.
He said that the Chinese government has managed to control inflation "from the beginning," praising China's efforts to push for economic growth.
China's consumer inflation remained flat in September while the decline in factory-gate prices further narrowed, pointing to still-weak domestic demand amid signs of stabilization, thus shoring up the case for further measures to bolster the world's second-largest economy, experts said on Friday.
China's consumer price index, a main gauge of inflation, remained unchanged from a year earlier, down from a 0.1 percent year-on-year rise in August, said the National Bureau of Statistics on Friday.
Meanwhile, Liu said the flat CPI reading was affected by a high comparison base the previous year, while China's core inflation remained steady.
Looking forward, Liu said consumer inflation will steadily rebound in the fourth quarter amid the continued economic recovery trend, steady recovery in demand and abundant supply of products and services, with the decline in factory-gate prices expected to narrow further.
Data released by the National Bureau of Statistics on Friday also pointed to unchanged inflation levels and lukewarm industrial activity in China last month.
China's consumer price index, a main gauge of inflation, remained unchanged from a year earlier, down from a 0.1 percent year-on-year rise in August, according to data released by the National Bureau of Statistics.
China's near-zero inflation means it has space to ease monetary policy, and it has taken "welcome" measures to address property market difficulties that were a factor in the International Monetary Fund cutting the country's GDP growth forecast to 5 percent for 2023, IMF chief economist Pierre-Olivier Gourinchas said.
China is in a very different place than the rest of the world, in terms of the inflation pressures.
If anything, their inflation numbers are below target, so they have room to ease monetary policy," he said.
Worldwide, even as central banks have taken decisive action, inflation remains above target in almost all economies with an inflation target, the IMF said.
It noted that among major central banks with inflation above target, the Bank of Canada, the Bank of England, the European Central Bank and the United States Federal Reserve all raised rates in July.
"The largest exception to this pattern is China, where headline inflation is subdued and below the authorities' target, and the PBOC reduced interest rates in June and August," it added.
Global core inflation, excluding food and energy prices, was down from a peak of 8.5 percent in the first quarter of 2022, at a quarterly annualized rate, to 4.9 percent in the second quarter of 2023, nearly two-thirds of the way back to the pre-pandemic annual average of 2.8 percent.
China's core inflation in the second quarter of 2023 was 0.3 percent, compared with 4.6 percent in the eurozone and 4.7 percent in the US, according to the latest IMF statistics.
The improved reading has further bolstered analysts' confidence in China's recovery prospects, following a raft of encouraging data for August, when the profits of industrial enterprises and consumer inflation both resumed positive growth on a year-on-year basis.
As manufacturers' purchasing activity recovers while commodity prices rally, the country's inflation may also recover, with the year-on-year decline in the producer price index, a gauge of factory-gate prices, likely to narrow from 3 percent in August to about 2.4 percent in September, said Wen Bin, chief economist at China Minsheng Bank.
"Although China's consumer price index, a main gauge of inflation, saw a negative growth of — 0.3 percent in July year-on-year, the CPI resumed a positive 0.1-percent growth in August while new renminbi loans came in at 1.36 trillion yuan ($186 billion), up 6.8 percent year-on-year, official data showed.
Nevertheless, Khor acknowledged that China's inflation will likely remain low for the remainder of the year, thanks in part to bumper food harvests as well as weakness in consumer spending due to spillovers from the sluggish real estate sector and external demand.
A: China has certainly very low inflation, especially in the global context where many economies over the past two years grappled with soaring price pressures.
From this perspective, the slowdown in inflation is merely a typical response to the cyclical slowdown in the Chinese economy.
However, due to the rapid decline in US inflation since the second quarter, some inflationary pressure has been released, and it may not be that obvious as the marginal support effect of excess savings on consumption is hedged by the decline in inflation.