China’s producer prices are rising, adding to global inflation risks (Bloomberg) – China’s producer prices rose at the fastest rate in over two years in February. This has resulted in more expensive oil, computer chip shortages and rising shipping costs as a tailwind for global inflationary pressures. China’s producer price index rose 1.7% year-on-year. Official data showed Wednesday was stronger than economists’ projections for a 1.5% increase from 0.3% in January. Consumer prices fell 0.2% yoy last month, slightly better than a forecasted 0.3% decline. As manufacturers around the world, resurgent producer prices in China increase the prospect of globally exported inflation as factories raise prices for goods sold overseas. The bond markets have already been plagued by the expectation that faster global growth and massive fiscal stimulus in the US will boost inflation. Chinese producer prices have made a significant contribution to global inflation over the past few decades as supply chains have become more integrated. Falling prices were a major driver of inflation in 2012-2016, making it difficult for central banks elsewhere to meet their persistent inflation targets. This time, inflation risks are moving in the other direction. Oil is up nearly $ 70 a barrel while copper and agricultural goods prices have increased. Shipping costs have increased, and a global shortage of computer chips could drive prices up. “Metal prices rose due to global tax incentives for infrastructure projects,” said Iris Pang, chief economist for Greater China at ING Groep NV in Hong Kong. “If the price of crude oil continues to rise, this would drive up other prices such as transport and thus production costs, which could lead to inflation.” it had fallen more than 5% in the past two days. The yuan, which appreciated about 0.2% against the dollar this year, was 0.1% weaker. Commodity Boom Rising commodity prices were the main boost to China’s producer inflation last month. The biggest gains were in mining, which rose 6.8% yoy in February, while commodity prices rose 2.9% after several months of decline. What Bloomberg Economics Says … Producer price inflation is likely to accelerate on a low basis provided commodity prices remain buoyant. This would support profit increases for industrial companies – positive for the economy. – David Qu, China economist. You can find the full report here. The government’s conservative economic growth target of more than 6% this year and the gradual removal of incentives could mean that China may play a smaller role in boosting commodity demand this year than it did in the years following the global financial crisis. “China could play a less dominant role in exporting global inflation as the government seeks to tighten tax incentives and real estate measures,” said Michelle Lam, Greater China economist at Societe Generale SA in Hong Kong. “The recent rise in commodity prices is largely due to major industrialized countries recovering from vaccination and the containment of Covid-19.” Consumer prices deflation in China eased last month and prices, which are still sharply different from cheaper pork, have been depressed, a key element in the country’s CPI cart. Pork prices were down 14.9% yoy in February, driven by the recovery in pig supply following the African swine fever outbreak in recent years. This trend could be reversed with the recurrence of the disease in parts of the country. However, the Bureau of Statistics cut the weight of pork in the CPI basket last month. With consumer spending still a weak spot for an otherwise strong economic recovery from the coronavirus pandemic, consumer inflation is likely to spike below Beijing’s 3% target. stay this year. Without the volatile energy and food costs, consumer prices remained unchanged from the previous year. “The weak CPI shows that there is no obvious inflationary pressure, unlike in the US, where CPI expectations have been revised,” said Hao Zhou, Senior Emerging Markets Economist at Commerzbank AG in Singapore. Subdued inflation will ease pressure on the People’s Bank of China, the country’s central bank, to tighten monetary policy, said Peiqian Liu, a Chinese economist at Natwest Markets in Singapore. However, the PBOC warned of financial risks such as asset bubbles and suggested a policy of gradual tightening: “We believe the PBOC can continue to neutralize monetary policy as credit growth gradually slows over the coming months,” she added at bloomberg .com can be found. Subscribe now to stay up to date on the most trusted business news source. © 2021 Bloomberg LP
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Importance du pourcentage RTP dans les machines à sous modernes en mettant l’accent sur un comportement de jeu responsable

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Le pourcentage de RTP est un concept clé dans l'industrie des jeux de hasard, car il détermine le montant moyen d'argent qu'un joueur est susceptible de récupérer sur une période donnée. En d'autres termes, un pourcentage de RTP élevé signifie que les joueurs ont de meilleures chances de gagner, tandis qu'un pourcentage plus bas signifie que les chances de gagner sont moins élevées.

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Il est important pour les joueurs de choisir des machines à sous avec un pourcentage de RTP élevé, car cela augmente leurs chances de gagner et de récupérer une plus grande partie de leur argent. Les casinos en ligne et terrestres doivent également tenir compte du pourcentage de RTP lorsqu'ils choisissent les jeux à proposer à leurs clients, car un pourcentage plus élevé peut attirer davantage de joueurs et améliorer la réputation du casino.

Cependant, il est également crucial de promouvoir un comportement de jeu responsable, même lorsque le pourcentage de RTP est élevé. Les jeux de hasard peuvent être addictifs et il est facile de se laisser emporter par l'excitation de la possibilité de gagner gros. Il est donc essentiel pour les joueurs de fixer des limites de jeu, de ne pas dépenser plus d'argent qu'ils ne peuvent se permettre de perdre et de ne pas poursuivre leurs pertes.2

Il est également recommandé aux joueurs de prendre des pauses régulières pendant leurs sessions de jeu, de ne pas jouer sous l'influence de l'alcool ou de drogues, et de rechercher de l'aide s'ils pensent avoir un problème de jeu. Les casinos et les autorités réglementaires doivent également jouer un rôle dans la promotion d'un comportement de jeu responsable, en offrant des informations sur la prévention de la dépendance au jeu et en proposant des outils pour aider les joueurs à limiter leur temps et leur argent de jeu.

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En conclusion, le pourcentage de RTP est un élément crucial à prendre en compte lors du choix d'une machine à sous, mais il est tout aussi important de promouvoir un comportement de jeu responsable. Les joueurs doivent être conscients des risques associés aux jeux de hasard et être prêts à mettre en place des mesures pour limiter leur exposition. En agissant de manière responsable, les joueurs peuvent profiter pleinement de l'excitation des machines à sous tout en minimisant les risques pour leur santé mentale et financière.

 

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Liste de mesures pour promouvoir un comportement de jeu responsable: