BEIJING Cheap Air Max 90 Shoes , Dec. 9 (Xinhua) -- China's consumer inflation slowed more than expected in November, and producer inflation at the factory gate fell sharply, leaving room for prudent monetary policy to be maintained.
The consumer price index (CPI), a main gauge of inflation, rose 1.7 percent year on year in November Cheap Air Max Shoes , down from October's 1.9 percent, and missing the market forecast of 1.8 percent, the National Bureau of Statistics (NBS) said Saturday.
The CPI has grown at less than 2 percent for 10 straight months, pointing to mild inflation in the world's second-largest economy.
NBS statistician Sheng Guoqing attributed the slowdown in CPI to a decrease in food prices, which account for a significant part of the CPI calculation.
Food prices fell 1.1 percent in November year on year Cheap Nike Air Max 2018 Womens , 0.7 percentage point more than the decline registered in October. Pork prices slumped 9 percent, dragging down the CPI growth by 0.25 percentage point.
On a month-on-month basis, food prices fell 0.5 percent. Prices of pork, aquatic products and fresh vegetables declined on abundant supply. Costs of beef, lamb Cheap Nike Air Max 90 Womens , egg and fresh fruit rose on rising demand.
Non-food prices edged up in November on both a yearly and monthly basis.
Non-food costs rose 2.5 percent year on year, 0.1 percentage point higher than the increase posted in October. The costs of health-care, housing and culture and entertainment led the gains.
On a monthly basis, non-food prices gained 0.1 percent. Fuel and diesel prices rose more than 3 percent. Clothing costs increased 0.7 percent.
China's producer price index (PPI), which measures costs for goods at the factory gate Cheap Nike Air Max Womens , rose 5.8 percent year on year in November, according to the NBS.
It was down from growth of 6.9 percent recorded in October, on par with the market forecast.
On a monthly basis, it was up 0.5 percent. In the first 11 months, PPI climbed 6.4 percent from one year earlier.
As northern China enters the winter heating season Cheap Air Max 2018 Womens , the government has increased efforts to tackle smog, asking steel mills and smelters to halt production to curb pollution. Those measures have cooled demand for industrial raw materials.
Compared with a month ago, factory-gate prices grew faster in oil and natural gas developers and ferrous metal producers. Costs increased at a slower pace in oil processing and chemical-producing industries, Sheng noted.
Compared with a year ago, raw materials costs rose 7.5 percent Cheap Air Max 90 Womens , 1.5 percentage point down from that recorded in October.
Liu Liu, a researcher with the China International Capital Corporation Limited, anticipated that as Spring Festival approaches, vegetable prices will rebound, and CPI inflation still faces upward pressure.
Despite the drop in the prices of non-ferrous metals and paper-making industries Cheap Air Max Womens , the overall PPI still faces upward pressure. However, due to a high base effect, PPI growth will fall further in December, he said.
November's inflation reading stayed well within the government's 3 percent target in 2017. Analysts said the mild inflation will not change the central bank's monetary stance.
China set the tone of its 2017 monetary policy as prudent and neutral, keeping appropriate liquidity levels but avoiding excessive liquidity injections.
China will continue its prudent and neutral monetary policy and improve coordination with other related policies to facilitate supply-side structural reform Cheap Nike Air Max 2018 Outlet , according to the third quarter monetary policy implementation report released by the People's Bank of China.
China's GDP expanded 6.8 percent year on year in the third quarter, down from the second quarter's 6.9-percent increase, but above the government's targeted growth of around 6.5 percent for the year.
By Edna Alcantara and Luis Brito
MEXICO CITY， Dec. 15 (Xinhua) -- Donald Trump's assumption of the U.S. presidency on Jan. 20 will bring social and economic impact to Mexico， some local international relations experts told Xinhua.
The experts voiced this view as Trump vowed， during his presidential campaign， to build a wall between the United States and Mexico， revise or even tear up the North American Free Trade Agreement (NAFTA) and deport millions of Mexicans.
For David Crow， a professor at Mexico's Center for Economic Research and Studies， U.S.-Mexican relations will face more tensions after Trump takes office as he is expected to adopt a hardened migration policy， which will cause severe consequences for Mexico.
One impact， he said， might be that many Mexicans would willingly return to their home country when faced with the hostile environment created by Trump's rhetoric while many planning to migrate to the United States will likely not do so.
Mexico will have to absorb the costs of labor， education and social services for all these returning migrants， which will affect the already weak economic growth and cause a drop in remittances from the United States， Crow said.
"The impact on Mexico would be very severe， it is simply not possible for it to absorb 2-3 million people in the short-term，" he added.
Ana Covarrubias， director of the Center for International Studies at the College of Mexico， said young Mexicans who grew up and went to school in the United States may have to rebuild their lives in Mexico.
Currently， 560，000 of the young Mexicans， known as Dreamers， are protected from deportation due to DACA， an immigration policy begun by an executive order from President Barack Obama in 2012. Trump could easily revoke DACA without the need to go through Congress， Covarrubias said.
"Returning them to Mexico would be a tragedy as they have no family here and do not know the country，" she said.@@ Crow said， another challenge facing Mexico is that Trump may struggle to get his border wall built since it implies an investment of at leas.