China’s manufacturer prices sees the worst drop in about two years

China’s manufacturer prices 3.6% fell in June Since a year ago, the biggest decline in about two years, Tepid notes the biggest landing compared to the deepening economy with consumer demand.

The consumer price index is 0.1% higher in June a year ago Information from the Bureau of National Statistics Wednesday returns to grow after a consecutive four-month reduction.

Economists predicted a flat reading compared to the same period a year ago, according to a Reuters request.

Core CPI, peeling food and energy prices, 0.7% from a year ago, the largest increase according to NBS.

According to LSEG, reducing the price of producers, according to LSEC, the expected 3.2% of the largest fall since July 2023 was worse than expected. PPI was married in a very annual deflation strip since September 2022.

Mainland China’s CSI 300 index increased by 0.19% after release.

“Calling the termination of the deflation at this stage is very early (a) the momentum in the property sector is still weaker (and) in its early stage (and),” he said. Presence, as recognized “neijuan“In China, some consumer sectors apply to price wars.

Last week, Chinese politicians, the highest economic policy chaired by President Xi Jinping, the consumers of Chinese companies have threatened the sale of the United States to sell tariff Ostrafht to the world’s largest consumer market.

Beijing pledged Squeeze the rules for such an aggressive price cutting He could not affect consumer behavior while bite the rindetism of enterprises. Profit in industrial firms 9.1% fell in May To celebrate the announcement since October last year.

“Enterprises must be focused on supporting the quality of the product and support the steady side outside the power of outdated” a The newspaper supported by the Chinese state saidwith reference to the meeting.

Last month offers consumer goods, electronics and electric vehicles, which offers subsidies for the ribound in consumer prices, household items, electronics and electric vehicles, Chinese economist Zichun Huang, China’s economy.

At the same time, in the second half of this year, this push will decrease in the second half of this year, Huang, Huang continues to excessive inflation, happily.

“With the supply of goods that continues to demand the demand, the continuous bridge means price wars between manufacturers,” Huang added.

“Without a strong policy without a strong policy, it is difficult to escape the continued deflation spiral,” he said.

“Politicians will continue to wait until exports fall sharply,” Hu said hu.

China’s export growth has shown some strength in recent months, and even the US wrong policy has broken global trade. China’s total exports Increased by 4.8% in May and In 8.1% AprilDue to the increase in cargo to Asian peoples in the south-east, the United States has shrinking the growing goods.