China's PPI down 2.8 pct in September

China

China's PPI down 2.8 pct in September

2024-10-13 10:59 Last Updated At：19:47

China's producer price index (PPI), which measures costs for goods at the factory gate, went down 2.8 percent year on year in September, the National Bureau of Statistics said Sunday.

On a monthly basis, the PPI edged down 0.6 percent in September.

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China's PPI down 2.8 pct in September

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China's PPI down 2.8 pct in September

The purchasing prices for industrial producers decreased by 2.2 percent on a yearly basis and 0.8 percent on a monthly basis during the same period.

In the period from January to September, China's producer prices for industrial products decreased by 2.0 percent over the same period of last year, and the purchasing prices for industrial producers decreased by 2.1 percent.

In terms of the year-on-year changes of prices for different categories, among the producer prices for industrial products, the prices for means of production decreased by 3.3 percent.

Among them, the prices for the mining industry went down by 2.5 percent, the prices for the raw material industry decreased by 3.2 percent, and the prices for the processing industry dropped by 3.3 percent.

The prices for means of livelihood lowered by 1.3 percent on a yearly basis. Among them, the prices for food went down by 1.6 percent, for clothing and general commodities decreased by 0.3 percent, and the prices for durable consumer goods dropped by 2.1 percent.

Of the purchasing prices for industrial producers, prices for ferrous metal materials dropped by 6.8 percent year on year, prices for building materials and non-metallic went down by 4.2 percent, and prices for fuel and power declined by 4.1 percent.

The prices for agricultural and sideline products declined by 3.8 percent, prices for raw chemical materials declined by 3.3 percent, and prices for non-ferrous metal materials and wires went up by 7.4 percent.

South Africans rally in solidarity with Venezuela against U.S. aggression

Demonstrators from civil groups, labor unions and other communities in South Africa rallied outside the U.S. Consulate in Johannesburg on Friday, denouncing U.S. unilateral military actions against Venezuela and voicing solidarity with the Latin American nation.

They gathered along the street in front of the consulate, carrying banners that read "Hands Off Venezuela" and "Stop Imperialism," chanting slogans against U.S. hegemony and aggression.

"We are here to protest the U.S. threats to global peace, the abduction of President Nicolas Maduro Moros of Venezuela, which was done in violation of international law, in violation of territorial integrity of Venezuela, of course, in violation of national sovereignty of Venezuela," said Solly Afrika Mapaila, general secretary of the South African Communist Party.

In the early hours of Jan. 3, the United States carried out a military strike against Venezuela and captured President Nicolas Maduro and his wife, taking them to the United States.

Some protesters said the crisis in Venezuela shows how geopolitical struggles have direct and immediate effects on ordinary people's lives.

"Venezuela belongs to the people of Venezuela and nobody else. For American belligerent and colonial aggression, quite frankly, is not just something very distant. Never before have questions of geopolitics been of immediate and direct relevance and direct and immediate impacts on the day-to-day lives of ordinary people, as you are seeing today," said Mametlwe Sebei, president of the General Industries Workers Union of South Africa (GIWUSA).

Placards at the rally blended English and Spanish slogans, while some demonstrators sang liberation songs from South Africa's anti-apartheid era to express solidarity. Passing motorists slowed in front of the consulate, honking in support.

Defying the summer heat, the crowd remained spirited and resolute, their chants echoing along the street in a clear call for an end to foreign interference and respect for Venezuela's sovereignty.