The producer price index (PPI), the price charged to buyers from producers at the factory gates, is teetering on the brink of deflation. Photo: Xinhua

China economy feels the strain as consumer prices soar and producer prices plummet to the brink of deflation

  • The consumer price index (CPI) stayed at 2.7 per cent in June, the same as in May, which was itself the highest reading for 15 months
  • Producer price index (PPI), the price charged to buyers at the factory gates, fell to the brink of deflation at 0.0 per cent in June
Topic |   China economy

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The producer price index (PPI), the price charged to buyers from producers at the factory gates, is teetering on the brink of deflation. Photo: Xinhua
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US President Donald Trump and China's President Xi Jinping attend a bilateral meeting on the sidelines of the G20 summit in Osaka, Japan, on June 29. Photo: AFP

Donald Trump pushed China to commit to buying US farm goods at G20, but Xi Jinping avoided firm pledge

  • The US president repeatedly pressed Chinese counterpart to commit to purchasing US agricultural goods at G20 summit in Japan
  • Xi refused to make specific commitment, signalling a new and tougher stance towards trade talks from Beijing, which was previously happy to make purchases
Topic |   US-China trade war

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US President Donald Trump and China's President Xi Jinping attend a bilateral meeting on the sidelines of the G20 summit in Osaka, Japan, on June 29. Photo: AFP
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