Producer Price Index and Central Government

manufacturing industries: Meanwhile, the Producer Price Index declined 4.6 percent in May year-on-year, according to the NBS. The property and manufacturing industries saw declines in the first quarter this year, and the data for May indicates that the economy hasn't seen any significant recovery since then, according to Global Times China. The central government is likely to continue to adjust economic policies, but it time for the authorities to rethink their strategy. China consumer price index, the main gauge of inflation, fell to 1.2 percent year-on-year in May, the ninth straight month that the rate was below 2 percent, according to data released Tuesday by the National Bureau of Statistics . Customs data also showed on June 8 that trade volume in May decreased 9.3 percent year-on-year to $322 billion, with exports falling 2.5 percent to $190.8 billion. For instance, the government can't reduce financing costs for enterprises through increasing money supply. Only when enterprises have sound finances and infrastructure investment is strong will it be clear that the economy is recovering. In fact, data for finance, consumption, trade, and stock indexes are not enough to indicate whether the economy is in recovery. (news.financializer.com). As reported in the news.