China's PPI down 2.8 pct in September

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.

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.

China's PPI down 2.8 pct in September

China's PPI down 2.8 pct in September

China's PPI down 2.8 pct in September

China's PPI down 2.8 pct in September

The United States cannot legitimize an operation that attacked Venezuela and captured its president, a Chinese scholar said Sunday.

On Saturday, the United States launched a large-scale strike on Venezuela, during which Venezuelan President Nicolas Maduro and his wife were 'captured and flown out of Venezuela' according to a post by U.S. President Donald Trump on his Truth Social account.

Teng Jianqun, director of the Center for Diplomatic Studies at Hunan Normal University, said in an interview with China Global Television Network (CGTN) that the aim of this operation is to take full control of Venezuela’s natural resources.

"I don't think the United States can legitimize this operation to take custody of the president of Venezuela. And also I don't think the United States can legitimize its any action in taking the oil reserves of that country. This is actually a very dangerous game played by the Trump administration. And of course, the United States would like to take full control of that country and to take full control of the natural resources, especially the large reserve of oil in Venezuela," said Teng.

Teng said Venezuela is not an isolated case but a common practice by the United States. The United States launched an invasion of Panama on Dec. 20, 1989, which continued until January 1990, with the stated objective of capturing Panamanian strongman Manuel Noriega on charges of drug trafficking and organized crime.

"We still remember the so-called sentence of the former president of Panama in the late 1980s. And this time, the president of Venezuela will be under some judicial condition (judicial proceedings) for the so-called drug trafficking and some other crimes. So I think this is not a single case for the Venezuela country, but also this is actually a practice by the United States -- to use force, to use so-called justice under law against any leaders in Latin America and the Caribbean waters," he said.

US cannot legitimize operation against Venezuela: Chinese scholar