China's Corporate Goods Price Index drops 0.4% in Nov

China's Corporate Goods Price Index, also known as the wholesale price, edged down 0.4% from a year earlier in November, according to a statement posted by the People's Bank of China on its official website.

In November, the coal and iron ore prices rose 36.9% and 0.2% from a year earlier, but the prices represent month-on-month decreases of 7.6% and 8.8% respectively. 

Crude oil and non-ferrous prices of November plunged 16.1% and 48.4% year-on-year, down 19.2% and 26.2% from the previous month, respectively.

The electricity price in November added 2.9% from a year earlier and up 0.3% from a month earlier, sources reported.

The continuous negative growth in the past few months is a reflection that China's economy has entered the phase of contraction, according to analysts.

Copyright and Exemption Declaration :¢ÙAll articles, pictures and videos that are marked with "China Aluminum Network" on this website are copyright and belong to China Aluminium Network (www.alu.com.cn). When transshipment, any media, website or individual must list the source from "China Aluminium Network (www.alu.com.cn)". We seek legal actions against anyone that disobey this. ¢ÚArticles that marked as copy from others are for transferring more information to readers, do not represent or endorse their opinions or accuracy and reliability. When other media, website or individuals copy from our website, must keep the source. Anyone that changes the articles' sources will hold the responsibilities for copyright and law problems. We also seek legal actions against anyone that disobey this. ¢ÛIf any articles copied by our website concern the copyright and other problems, please contact us within one week.