Prices of pork, a food staple in China, rose by 20.2% in July from a year ago. The month-on-month gain was the highest on record, according to official data accessed through Wind Information.
"Non-food prices actually declined in July [by 0.1%] from their June level, which reflects weak demand," Zhiwei Zhang, president and chief economist, Pinpoint Asset Management, said in a note.
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:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China's factory inflation hits 17-month low, consumer prices speed upChina's factory-gate inflation eased to a 17-month low in July, defying global cost pressures as slower domestic construction weighed on raw material demand, although consumer price gains hit a two-year high as pork supplies tightened.
Source: Reuters - 🏆 2. / 97 Read more »
China's July factory-gate inflation hits 17-month lowChina's factory-gate inflation eased to its weakest since February 2021, as raw material prices fell due to already slower construction activity, while consumer prices rose gently, bucking the sharp increases seen elsewhere.
Source: Reuters - 🏆 2. / 97 Read more »
Complaints, scams rise in the high-priced consumer marketThe car industry has been the number one target of complaints in the consumer industry, though the rental and housing scenes have also struggled.
Source: kgun9 - 🏆 584. / 51 Read more »
President Biden to sign $280B CHIPS act in bid to boost US over ChinaPresident Biden is preparing to sign a $280 billion bipartisan bill to boost domestic high-tech manufacturing. us biden china politics Black Sabbath War Pigs Nancy goes Taiwan and all of a sudden we have a Chips plant coming to America, hmmm Where’s money for me to start a high tech firm?
Source: KPRC2 - 🏆 80. / 68 Read more »
China closes Potala Palace after COVID-19 reported in TibetBEIJING (AP) — Chinese authorities have closed Tibet’s famed Potala Palace after a minor outbreak of COVID-19 was reported in the Himalayan region. Of course they have.
Source: AP - 🏆 728. / 51 Read more »
Biden to sign bill to boost US chip manufacturing to compete with ChinaBiden is set to sign the CHIPS Act, a $280 billion bipartisan bill to increase domestic high-tech manufacturing to boost U.S. competitiveness over China.
Source: fox32news - 🏆 547. / 51 Read more »