China’s PPI Drops 0.9% in July

China’s PPI Drops 0.9% in July

According to the National Bureau of Statistics, China's producer price index (PPI) saw a decline of 0.9% year on year in July. China's PPI - used to measure inflation at wholesale level - has declined for 29th month on the trot. The only respite is the rate of decline that has reduced for the fourth consecutive month. It is down from 1.1% in June, 1.4% in May, 2% in April and 2.3% in March.

The narrowing is a clear indication that there have been slight improvements in market situation for industrial products in recent months, said NBS senior statistician Yu Qiumei.

A carryover effect and the country's pro-growth measures could alter the declining trend, said Guan Qingyou, senior analyst at Minsheng Securities' research institute.

The government has taken pro-growth measures to ease the great downward pressure. The measures include improvements in construction of affordable housing, infrastructure building and boost private investment.

The release of the data coincided with the release of consumer price inflation index, which was 2.3% in July. According to the National Bureau of Statistics (NBS), China's consumer price index (CPI) jumped 2.3% in July, which is similar to the pace seen in June.

The figure was lesser than the government's target of 3.5% this year. However, the Shanghai-based E-House China R&D Institute is pleased with the July inflation rate.

"The July inflation rate was in a very comfortable range", said Yang Hongxu, the deputy head of the institution.

User login

You May Have Missed...

Researchers Develop Contact Lens that can Provide Telescopic Functionality
Tue, 02/17/2015 - 08:46

According to researchers from Switzerland, they have developed a contact lens that has the ability to provide telescopic functionality. The...

Nigeria Update

World Malaria Day Draws Attention over Need for Renewed Commitment
Sat, 04/26/2014 - 12:48

The world commemorated the Annual Malaria Day on April 25 and the attention was drawn towards...

Economy Watch

President Obama Proposes $4 Trillion Budget, 15% goes to Defense
Tue, 02/03/2015 - 07:58

The Obama administration has proposed a $4 trillion budget on Monday. The budget has included $...

Health Tonight

Skin test may be helpful to diagnose Alzheimer's disease
Thu, 03/05/2015 - 12:39

Researchers believe that a skin test could someday help positively diagnose someone suspected of...

Science Tonight

Astronomers witness Multiple-Star System in Initial Stage of Formation
Sun, 03/15/2015 - 05:08

Astronomers said that for the first time they have observed a multiple-star system in the first...

UK News

Financial problems related to eating disorders among students
Tue, 02/17/2015 - 08:49

According to a research, facing financial difficulties at university could lead to increased...


Astrazeneca’s Experimental Drug to Treat COPD Fails to Reduce Acute Exacerbation
Mon, 09/08/2014 - 13:17

On Monday, AstraZeneca PLC announced that Phase IIa study of benralizumab, an experimental drug...

US News

Students present a zombie apocalypse simulation to explain spread of disease
Fri, 03/06/2015 - 14:16

A group of students at the Cornell University have adopted a unique concept to explain how...

Technology Tonight

Barack Obama
Fri, 02/13/2015 - 08:59

It is highly probable that the President Barack Obama will announce a new plan with regard to...