CPI Continues to Go Down in July     

The National Bureau of Statistics (NBS) reported on August 11th that the industrial value added for the designated industrial enterprises (all state-owned enterprises and non-state-owned enterprises with annual sales of over RMB5 million) increased 7.5% annually in the first seven months, 10.8% for July alone.
   In the first seven months, the whole country's investment in fixed assets increased 32.9% year on year to RMB9 539 billion.
    The consumer price index (CPI) in July declined 1.8% compared with one year earlier, being equal to the level in June. In June the CPI plunged 1.8% year over year. (Correction: In the article 'H1 Growth Meets Expectations' of August 6th issue, the 2.3% drop for June was wrong. CCR apologizes for the mistakes). CPI in the first seven months was 1.2% lower than that in the same period of 2008.   
    The producer price index (PPI) declined annually by 6.2% in the first seven months and 8.2% in July alone.