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China's PPI down 2% in August

Xinhua | Updated: 2020-09-09 12:21

A worker carries wedding dresses at a wedding dress factory, in Suzhou, Jiangsu province, on July 23, 2020. [Photo/Agencies]

BEIJING -- China's producer price index (PPI), which measures costs for goods at the factory gate, fell 2 percent year-on-year in August, the National Bureau of Statistics said Wednesday.

The reading narrowed from the 2.4-percent drop in July.

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