Chinanews client, Beijing, June 30th (Reporter Li Jinlei) The effects of a series of recent "guaranteed supply and stable prices" policies have begun to appear.

The rapid rise in manufacturing prices has been initially curbed

  According to data released by the National Bureau of Statistics on June 30, China's Manufacturing Purchasing Managers Index (PMI) was 50.9% in June, a slight decrease of 0.1 percentage point from the previous month, and continued to be above the threshold. The manufacturing industry continued to expand stably.

China's Manufacturing Purchasing Managers Index (PMI) was 50.9% in June.


  Among them, the price index fell from a high level.

The rapid rise in manufacturing prices has been initially curbed.

The purchase price index and ex-factory price index of major raw materials both changed from rising to falling this month, at 61.2% and 51.4%, respectively, which were 11.6 and 9.2 percentage points lower than the previous month.

  Judging from the purchase price index of major raw materials, except for petroleum, coal and other fuel processing industries, which continued to climb, other industries all declined significantly.

  Looking at the ex-factory price index, most industries have declined to varying degrees. Among them, the ferrous metal smelting and rolling processing industry, and the non-ferrous metal smelting and rolling processing industry have fallen sharply, all falling into the contraction range; but the petroleum, coal and other fuel processing industries Still higher than 70.0%, the ex-factory price of products continued to rise.

A view of Ningbo Port.

Photo by Shen Yingjun

Strive to curb the unreasonable rise in commodity prices

  In recent months, the prices of some bulk commodities have increased significantly, and the increase has clearly deviated from the fundamentals of supply and demand, and has exceeded the reasonable range of recovery.

  In response to this, the National Development and Reform Commission and other departments have frequently made efforts to curb unreasonable increases in commodity prices.

  In mid-to-late June, the National Development and Reform Commission and the State Administration for Market Regulation successively dispatched joint working groups and research groups to investigate the coal market, iron ore spot market, and urea market to maintain supply and price stability.

  In addition, the State Bureau of Grain and Material Reserves recently issued an announcement to organize the release of copper, aluminum, and zinc national reserves.

  "Through a series of measures, judging from the current situation, the market speculation has begun to cool down, and the prices of some commodities, such as iron ore, steel, copper and other commodities, have fallen to varying degrees." National Development and Reform Commission spokesperson Meng Wei told the news in June. Said at the press conference.

  The spokesperson of the National Bureau of Statistics, Fu Linghui, also pointed out at a recent press conference that in general, the domestic industrial product market is relatively competitive, and the transmission of price increases to CPI is limited, and it is more fundamental for prices to remain basically stable throughout the year. ,Conditional.

  The World Bank’s "China Economic Bulletin: Leaping Recovery-Towards Green and Inclusive Growth" published on June 29 by the World Bank pointed out that as economic activities continue to normalize, the scope of China's recovery has expanded. China's economic growth is expected to reach 8.5% this year. This is an increase of 0.4% from the report released in March. (Finish)

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