STORY HIGHLIGHTS


China economic news

CNC
Added On September 11, 2018

Now let's take a look at some economic news from China.
 
CPI & PPI UP IN AUGUST
 
Official data show that China's consumer price index, a main gauge of inflation, rose 2.3 percent year on year in August, compared with 2.1 percent for July.
 
The National Bureau of Statistics said the pickup was driven by a fast increase in non-food prices, which rose 2.5 percent year on year.
 
On a month-on-month basis, the CPI increased 0.7 percent from July, as food prices rose 2.4 percent from July.
 
China is aiming to keep annual CPI growth at around 3 percent this year, the same as the target for 2017.
   
Meanwhile,the producer price index, which measures costs for goods at the factory gate, rose 4.1 percent year on year in August, slowing from the 4.6-percent increase last month.
 
CROSS-BORDER E-COMMERCE TURNOVER TO TOP $1.3 TLN
 
Turnover in China's cross-border e-commerce sector is forecast to top 9 trillion yuan, or 1.3 trillion U.S. dollars this year.
 
According to a report released by the China E-Commerce Association, the top three import sources in cross-border e-commerce last year were Japan, the United States, and the Republic of Korea.
 
An official from China's Ministry of Industry and Information Technology said that the Chinese government supports cross-border e-commerce with policies and infrastructure building. However, globally, trade protectionism has negatively influenced the development of cross-border e-commerce.