China's factory deflation slows in July as recovery gains strength

  • 📰 Reuters
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 97%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

China's factory deflation eased in July, driven by a rise in global oil prices and as industrial activity climbed back towards pre-coronavirus levels, adding to signs of recovery in the world's second-largest economy.

FILE PHOTO: A worker is seen at a hot rolling production line at the Chongqing Iron and Steel plant in Changshou, Chongqing, China August 6, 2018. REUTERS/Damir Sagolj

The producer price index fell 2.4% from a year earlier in July, the National Bureau of Statistics said in a statement, compared with a 2.5% decline tipped in a Reuters poll of analysts and a 3.0% drop in June. Iron ore futures prices in Dalian have rallied over 50% so far this year while prices of steel bars used in construction have jumped 12%.[IRONORE/]

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

This guy is working around rolling steel and iron mills. PPE: Gloves🧤 - ✅ Hardhat 👷- ✅ Safety Glasses 🥽 - ⁉️

And the United States under Trump takes a nose dive not seen in decades

Because all factories produce gear for WW3

Fake Numbers ; Fake Economy

China is going to defragmenting like USRRS

Recovery in China is bound to be a fraction, if it is a stage-managed recovery, China would collapse under its impact and disintegrate like the Soviet Union within the next 3 years.

Says who?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Unemployment Fell in July -- but the Jobless Rate Is Still Dangerously HighCOVID-19 sparked an unemployment crisis that the U.S. has been grappling with since March, and will most likely continue to struggle with through the end of the year. What is to blame for the current unemployment numbers?
Source: USATODAY - 🏆 100. / 63 Read more »