China Business News

The majority of capital goods in China posted lower prices in early February 2023 compared with late January. Of the 50 goods monitored by the government, which include seamless steel tubes, gasoline, coal, fertilizer and some agricultural products mainly used for processing, 12 posted higher prices, and 35 saw prices decline, according to the National Bureau of Statistics. The figures …

China’s number of charging infrastructure facilities nearly doubled in 2022, following the country’s commitment to boosting the new energy vehicle (NEV) industry. The cumulative number of charging infrastructure facilities nationwide has hit 5.2 million. Some 650,000 public-charging points for electric vehicles were added last year, bringing the total to 1.8 million units. A total of 1.9 million private charging facilities …

China’s e-commerce logistics activities registered a steady recovery in January as the country optimized its anti-virus response and consumption boomed during the week-long Spring Festival holiday, industry data showed. The index tracking e-commerce logistics activities reached 104.6 points, up 1.8 points from the previous month, bucking the trend of contraction for three consecutive months, according to a survey jointly conducted …

China’s auto import volume fell 6.5% year on year in 2022, with import value slightly down, data from the China Association of Automobile Manufacturers showed. Last year, the number of sedans, SUVs, and minibusses imported into China all posted year-on-year declines. The three types of vehicles accounted for 93.5% of China’s total auto imports. In December, auto import volume fell …

China’s producer price index (PPI), which measures the cost of goods at the factory gate, decreased by 0.8% year on year in January 2023. The decrease expanded by 0.1% from that registered in December. On a monthly basis, China’s PPI edged down 0.4% in January. China’s automobile exports saw a steady increase last month. A total of 301,000 vehicles were …