Make earnings with no risk
Automated AI-driven system makes the trades, you earn the money
Join now
News

China’s Factory Prices Growth Quickens in July, Adding to Business and Economic Pressures

0
Businessman using the tablet on Abstract blurred photo of book store background

China’s factory prices increased in July at a faster-than-anticipated rate, adding to pressure on businesses crumpling with the high cost of raw materials as consumer inflation eased slightly.

Source: National Bureau of Statistics of China

CSI 300 Index up 1.30%,  CNY USD up +0.06%

The Chinese economy is on track to grow by over 8% in 2021, but supply chain bottlenecks and outbreaks of the Delta variant of COVID-19 might slow down the projected growth.

China’s producer price index (PPI) increased by 9.0% from a year earlier last month, matching the high recorded in May.

Consumer inflation slowed slightly as the consumer price index (CPI) grew by only 1.0% on a yearly basis, beating expectations of rising by 0.8%.

The world’s second-biggest economy has largely recovered from disruptions caused by the COVID-19 pandemic, but the expansion is losing momentum as businesses suffer from higher commodity prices.

fxcoach

How to Trade Synthetic Currencies In 3 Steps?

Previous article

Yellen Calls on “A Shared Responsibility” to Raise U.S. Debt Limit

Next article

You may also like

Comments

Leave a reply

Your email address will not be published.

More in News