Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Economy

China's meat, produce prices continue to retreat

June 06, 2017


Abstract : Prices of meat and vegetables continued to drop in major Chinese cities last week, official data showed Tuesday.

2

BEIJING, June 6 (Xinhua) -- Prices of meat and vegetables continued to drop in major Chinese cities last week, official data showed Tuesday.

The average prices of 30 different vegetables dropped 1.7 percent last week, with the prices of garlic, onions and beans down 13.8 percent, 7.4 percent and 5.8 percent, respectively, the Ministry of Commerce (MOC) said in an online statement.

Egg prices fell one percent last week. The price of pork dropped 1.6 percent and lamb prices remained stable, according to the statement.

Food prices account for one-third of the calculation of China's consumer price index (CPI).

China's inflation held steady in April, reinforcing views about stabilization in the economy and giving policymakers more leeway to tighten regulations.

The CPI rose 1.2 percent year on year in April, against 0.9 in March, as higher prices for non-food commodities outweighed an ongoing decline in food prices, data from the National Bureau of Statistics (NBS) showed last month.

Growth remains below the government's annual target of around 3 percent set for 2017.

The official CPI for May is due to be released by the NBS on June 9.

Scan the QR code and push it to your mobile phone

Keyword: vegetable meat

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial