China commodities prices fall in August

16 September, 2019 12:00 AM printer

BEIJING: The overall average price of commodities in China shrank by 2 percent in August from the previous month and by 6 percent from the same period last year, according to the China Logistics Information Center.

The average price in the January-August period went down 2.7 percent from the same period last year. The decline was 0.6 percentage points larger than that in January-July, reports Xinhua.

According to the center, the downward pressure of the domestic economy was obvious and the commodity market continued to be depressed in August. The market demand failed to meet expectations, influenced by high temperatures, rain and typhoons, and the real estate regulation policy showed a tightening trend, which further restrained demand, it said.