AFP, Beijing :
China’s producer prices fell at their slowest rate in nearly two years in July, the government said Tuesday, a sign of improving conditions in the world’s second largest economy.
The producer price index (PPI), which measures the cost of goods at the factory gate, fell 1.7 percent year-on-year last month, the National Bureau of Statistics (NBS) said, as a rebound in some commodity prices reduced downward pressures.
Protracted declines in the PPI bode ill for industrial prospects and economic growth, as they put off customers-who seek to delay purchases in anticipation of cheaper deals in future-starving companies of business and funds.
China’s producer prices fell at their slowest rate in nearly two years in July, the government said Tuesday, a sign of improving conditions in the world’s second largest economy.
The producer price index (PPI), which measures the cost of goods at the factory gate, fell 1.7 percent year-on-year last month, the National Bureau of Statistics (NBS) said, as a rebound in some commodity prices reduced downward pressures.
Protracted declines in the PPI bode ill for industrial prospects and economic growth, as they put off customers-who seek to delay purchases in anticipation of cheaper deals in future-starving companies of business and funds.
