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China’s Economic News: CPI and PPI Both Increased

Economic growth in 2022

China’s July CPI and PPI rise 2.7% and 4.2% YoY

For July, China’s Consumer Price Index (CPI) increased 2.7% on year and 0.5% higher on month, while the country’s Producer Price Index (PPI) went up 4.2% on year, though the pace of the on-year incline was slower than that of June and the index was also down 1.7% on month, according to the latest data released by the country’s National Bureau of Statistics (NBS).

China’s Jan-Jul iron ore imports dip 3.4% on year

China’s iron ore imports over January-July eased by 3.4% or 21.8 million tonnes on year to 626.8 million tonnes, but it was slightly smaller than the on-year drop of 4.4% recorded during the first half of this year, according to the new statistics released by the country’s General Administration of Customs (GACC).

China’s manufacturing PMI retreats to 49 in July

For July, China’s Purchasing Managers’ Index (PMI) for the country’s manufacturing industry retreated from a two-month rise by 1.2 percentage points on month to 49, or back into contraction again after reaching above the threshold of 50 in June, according to the new release by China’s National Bureau of Statistics (NBS).

China new vessel orders decline over Jan-Jul

China’s shipbuilding enterprises received new vessels orders amounting to 25.72 million deadweight tons (DWT) over January-July, lower by 43.1% on year, according to new data from China Association of National Shipbuilding Industry (CANSI).

Source from mysteel.net

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