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China's producer prices up 0.3% in H1

2019-07-12 09:24:13 China Daily

Negotiators for China and the United States agreed to keep lines of communication open in order to resolve their trade differences.

The Ministry of Commerce said in a statement on Tuesday that Vice-Premier Liu He spoke by telephone with US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin on Monday.

According to the brief statement, the two sides exchanged opinions on economic and trade issues in line with the instructions made by the heads of the two countries. Both sides agreed to continue to maintain contact.
China's producer price index, which measures costs for goods at the factory gate, rose 0.3 percent year-on-year in the first half of 2019, the National Bureau of Statistics (NBS) said Wednesday.

In June, the index was flat with the same period last year, according to the NBS.

On a monthly basis, producer prices went down 0.3 percent in June, compared with the 0.2-percent growth in May.

Factory prices of production materials dropped 0.3 percent year-on-year in June, compared with the 0.6-percent growth in May.

Consumer goods prices gained 0.9 percent year-on-year in June, flat with the growth in May.

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