Independent data from the Cheung Kong Graduate School of Business (CKGSB) in Beijing shows mixed results just hours before official Chinese releaseInflationary pressure could increase later this year, but light is at the end of the tunnel for heavy industry prices in China. That’s according to new data out today from China’s leading business school, CKGSB ( http://english.ckgsb.edu.cn/ ).
The CKGSB Business Conditions Index ( http://www.ckgsb.edu.cn/facult
Meanwhile, the consumer prices index rose in December, from 61.1 to 64.9, while the producer prices index broke through the threshold of 50, registering 52.4. China’s National Bureau of Statistics is due to release its monthly report on the Consumer Price Index (CPI), as well as the Producer Prices for the industrial sector, later on Tuesday January 10.
Commenting on the results, CKGSB Professor of Economics Li Wei ( http://english.ckgsb.edu.cn/fa
The CKGSB BCI comprises four sub-indices for corporate sales, corporate profits, corporate financing environment and inventory levels, all measuring future prospects except for the financing environment, which measures the current situation.
Launched in June 2011 under the direction of CKGSB Economics Professor Li Wei, the CKGSB Case Center and the Center for Economic Research initiated a project to gauge the business sentiment of executives – the majority of whom are current or former students at CKGSB – about the macro-economic environment in China.