Billet market report April 2011
2011-05-16 18:27:45 【Print】
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1.1 CPI may break 5% in March and Central Bank may increase deposit and loan interest. The huge injection of 40 trillion yen after the Japanese earthquake and the global liquidity proliferation of sovereign debt crisis brought by European countries promote imported inflation level in China. In the situation that the inflation keeps high and interest rate runs negative in a long time, the increase will definitely occur.
1.2 The expectation of global economic growth lowers 3.2% in 2011. Coface, Well-known international credit institution and the International Credit Insurance and Management Services Group, released that it decreased ten countries’ rank, including Japan and some ones in Middle East and North Africa. Seeing some affairs occurred in succession in Japan, Middle East and North Africa, Coface moved down the expectation of global economic growth to 3.2% from 3.4%, but it is still optimistic about the global economy.
1.3 The exchange rate of RMB breaks four blocks and the rise will control the inflation. Experts think that the move is going to beat down the inflation.
1.2 The expectation of global economic growth lowers 3.2% in 2011. Coface, Well-known international credit institution and the International Credit Insurance and Management Services Group, released that it decreased ten countries’ rank, including Japan and some ones in Middle East and North Africa. Seeing some affairs occurred in succession in Japan, Middle East and North Africa, Coface moved down the expectation of global economic growth to 3.2% from 3.4%, but it is still optimistic about the global economy.
1.3 The exchange rate of RMB breaks four blocks and the rise will control the inflation. Experts think that the move is going to beat down the inflation.
