| nal Logistics Information Centre senior economist | | | | have been unbearable to reflect." Chenzhong Tao |
| Chen Zhongtao a recent exclusive interview, said that | | | | said. |
| in the second half, the pressure of upstream raw | | | | However, according to China Logistics Information |
| material prices may be easing.Chen Zhongtao | | | | Center, market monitoring, the average price of |
| engaged in the analysis of industrial price index of | | | | capital goods market in China has experienced three |
| China's manufacturing PMI (PMI index) monitoring. He | | | | consecutive months of continuous rise, the |
| told reporters that the first half, the pressure of | | | | purchasing price index fell for two consecutive |
| higher raw material prices. | | | | months: in June from up to down, and up down |
| From the PMI index to reflect the purchase prices of | | | | 0.34%; July is the first time in four months, dropped |
| raw materials price index, although the July drop to | | | | to below 60%. |
| 60%, but still as high as 58.9%, reflecting the trend | | | | Chen Zhongtao think this indicates that the second |
| of rising raw material prices are still relatively strong. | | | | half of the upstream raw material prices pressures |
| The feedback from the business point of view, | | | | may be easing. Purchasing price index fell for the |
| reflecting the proportion of raw material prices | | | | reason, he said, mainly upstream of the downstream |
| continue to rise steadily company, in July was 34%, | | | | industry unbearable rising raw materials prices, rising |
| up 1 percentage point last month. | | | | resistance to increase. But Chenzhong Tao also said, |
| Different industries, the majority of the industry, | | | | in the second half is still necessary for the state to |
| price indices continue to maintain a high level. 20 | | | | continue to strengthen macro-control, stability, prices |
| industries, only less than 50% of fabricated metal | | | | of upstream products, preventing transmission to the |
| products, and the remaining 19 industries all above | | | | downstream increase in inflation pressure; while |
| 50%, of which 60% of the nine industries, especially | | | | preventing the rising cost of normal production and |
| oil processing and coking industry, the pharmaceutical | | | | operation of the business difficult. |
| manufacturing industry as the highest two , 70% or | | | | This end, Chen Zhongtao suggest the department |
| more. | | | | concerned in the present case, the resource cost |
| Purchase price index higher in these sectors is divided | | | | increases caused the price of new commodity price |
| into three categories: First, the main raw materials of | | | | adjustment measures, and the tax policy should be |
| petroleum crude oil processing and coking industry, | | | | suspended to prevent cost-push inflation. At the |
| the pharmaceutical industry; Second, grain and cotton | | | | same time take measures to restrain demand |
| and other agricultural products as raw materials for | | | | growth, to prevent the demand-pull inflation. |
| food processing and manufacturing and beverage | | | | Continue to implement moderately tight fiscal policy, |
| manufacturing, garments manufacturing and fur | | | | monetary policy, economic growth shifting from fast |
| feather products industry, textile industry; | | | | to prevent overheating, especially to prevent a larger |
| Third, mineral resources as raw materials ferrous | | | | rebound in fixed asset investment growth; speed up |
| metal smelting and rolling processing industry, | | | | the implementation of the relevant industrial policies, |
| non-ferrous metal smelting and rolling processing | | | | speed up the implementation of energy conservation, |
| industry. "This year, the upstream raw material prices | | | | the pace of eliminating backward production capacity; |
| continued to rise, currently has manufacturing, | | | | continue to take effective measures to firmly |
| business to enormous pressure, most enterprises | | | | restrain the "two high and one capital" exports. |