Fashion
China’s PPI decline narrows to 2.9% as CPI falls 0.4% in August
PPI marked the first narrowing since March, signalling a modest recovery in industrial demand amid government measures to steady growth. On a month-to-month basis, the PPI halted its decline, remaining unchanged after a 0.2 per cent fall in July. For the January–August period, producer prices were 2.9 per cent lower than a year earlier.
China’s producer price index fell 2.9 per cent YoY in August, easing from July’s 3.6 per cent drop, while remaining flat month-on-month.
Its consumer price index declined 0.4 per cent, though core CPI rose 0.9 per cent for the fourth straight month.
NBS cited proactive policies and gains in sectors like integrated circuits and shipbuilding, suggesting stabilisation in factory-gate costs.
Meanwhile, core CPI, excluding food and energy, climbed 0.9 per cent, continuing its four-month streak of gains.
NBS statistician Dong Lijuan attributed the fall in PPI to a high base in 2024 and a smaller-than-usual seasonal rise in food costs. The proactive macroeconomic policies and shifts in key industries underpinned the narrower PPI decline. Notable gains included a 1.1 per cent rise in integrated circuit packaging and testing, and a 0.9 per cent increase in shipbuilding equipment.
Rising demand for high-end consumer products also helped lift prices in selected sectors, said Chinese media outlets quoting Dong.
The data suggested that while consumer prices remain subdued, stabilisation in factory-gate costs could be an early sign of improving momentum in China’s industrial economy.
Fibre2Fashion News Desk (SG)
EIF is a mechanism aimed at leveraging and coordinating support for trade and investment priorities in least-developed countries (LDCs).
WTO Director-General Ngozi Okonjo-Iweala called for stronger partnerships to achieve the objectives of the Enhanced Integrated Framework’s (EIF) third phase, launched yesterday in Yaounde.
It aims to coordinate support for trade and investment priorities in LDCs.
The latest six-year phase has also secured fresh contribution pledges from Germany, Liechtenstein, Norway, Switzerland and the UK.
The new phase was launched at a side event to the 14th WTO Ministerial Conference (MC14) in Yaounde, Cameroon, co-organised by Cambodia, the United Arab Emirates and the EIF executive secretariat.
The third phase of the EIF introduces a shift from stand-alone projects to multi-year country programming. It is designed to help LDCs better integrate into the global trading system while addressing structural vulnerabilities and seizing new opportunities in areas such as digital trade, services, green value chains and regional integration.
The latest six-year phase also received new contribution pledges from Germany ($1.964 million), Liechtenstein (~$63,139), Norway ($4.15 million), Switzerland ($3.16 million) and the United Kingdom ($6.67 million).
“This third phase of the EIF comes at a defining moment for the LDCs and recently graduated countries. Familiar structural vulnerabilities are being compounded by a disrupted global trading system, power politics, debt pressures, climate change, and global economic uncertainty. At the same time, the current global context offers some important opportunities for LDCs to use trade to drive growth, development, and job creation,” Okonjo-Iweala said in a release issued by the WTO.
The DG also emphasised the need to scale up support and partnerships to match the ambition of the new phase.
Fibre2Fashion News Desk (DS)
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