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China's consumer price inflation remained mild in July while producer prices rose moderately, providing a boost to the industrial sector. Analysts said the country may keep its monetary policy stable given the expected stable price trends this year.
China's official manufacturing purchasing managers index, a measure of industrial activity, edged down to 51.2 in July from 51.5 in June, but analysts said that since it remained above 50 — the level separating expansion from contraction — industrial growth should remain stable and there will be little risk of a major economic downturn in the coming months.
China's fresh fiscal data indicated a broader funding gap faced by the government, driving the authorities to explore new channels and maintain a balanced budget, said analysts.
China's contribution to the regular budget in 2019-2021 period has risen to 12.01 percent from 7.92 percent for the 2016-2018 period, according to a resolution adopted by the UN General Assembly.
China's major financial data was boosted in August, indicated by money supply acceleration and stronger bank loan growth, which reflected stabilized economic activity supported by more pro-growth policies, said analysts.
来源：资阳报