China-CPI/H1

China reveals impact of price changes in various areas on CPI

  • English

Shotlist


FILE: China - Exact Date and Location Unknown (CCTV - No access Chinese mainland)
1. Various of vegetable market, vegetables

Turpan City, Xinjiang Uygur Autonomous Region, northwest China - Recent (CCTV - No access Chinese mainland)
2. Hami melons

Kuqa County, Aksu Prefecture, Xinjiang Uygur Autonomous Region, northwest China - Recent (CCTV - No access Chinese mainland)
3. Apricots

FILE: China - Exact Date and Location Unknown (CCTV - No access Chinese mainland)
4. Various of consumers picking fruits at supermarket, fruit in basket

FILE: Beijing, China - Date Unknown (CCTV - No access Chinese mainland)
5. Fruits in shop
6. Cherries

FILE: Beijing, China - Feb 13, 2016 (CCTV - No access Chinese mainland)
7. Various of pork section at Xinfadi Agricultural Products Wholesale Market, customers

FILE: China - Exact Date and Location Unknown (CCTV - No access Chinese mainland)
8. Pigs on truck

FILE: Guangzhou City, Guangdong Province, south China - Aug 4, 2018 (CCTV - No access Chinese mainland)
9. Various of residential buildings

FILE: Shenzhen City, Guangdong Province, south China - Date Unknown (CCTV - No access Chinese mainland)
10. Various of residential building
11. Various of interior of apartment, appliances

FILE: China - Exact Date and Location Unknown (CCTV - No access Chinese mainland)
12. Exterior of Suning store
13. Various of customers choosing TV

FILE: Beijing, China - Date Unknown (CCTV - No access Chinese mainland)
14. Housekeeping staff cleaning room, talking to customer
15. Various of housekeeping management personnel teaching people to fold clothes

FILE: Beijing, China - February 2018 (CGTN - No access Chinese mainland)
16. Clothes section in shopping mall
17. Shoppers choosing clothes

FILE: Chongqing Municipality, southwest China - Date Unknown (CCTV - No access Chinese mainland)
18. Various of workers working in clothes factory

FILE: Tianjin Municipality, north China - Aug 24, 2018 (CCTV - No access Chinese mainland)
19. Various of cars being refueled at gas station

FILE: Shanghai Municipality, east China - Date Unknown (CCTV - No access Chinese mainland)
20. Various of cars in store
21. Various of traffic
22. Aerial shot of traffic

Storyline


China's National Bureau of Statistics on Wednesday issued a semi-annual report on price changes in food, housing, clothing and transportation, showing the influences of those prices on the country's consumer price index (CPI) in the first half of 2019.

Food prices account for 30 percent of China's CPI, which impacts the index greatly.

The report showed that, from January to June, China's monthly year-on-year percentage gain in food prices continued to rise.

Vegetable and fruit prices began to climb at the beginning of March. Apart from an insufficient supply caused by poor weather conditions and natural disasters, the time gap between inventory shortage and the harvest of fresh fruits also resulted in a price increase.

In spite of that, prices of vegetables and fruits will soon return to reasonable levels once the seasonal factors are gone. The latest data also showed some decline in those prices.

Pork prices, which started to soar in March, are now in a new round of rising cycle. Affected by swine fever and other factors, the year-on-year rise in pork prices has clawed back from negative to positive, leading to a faster growth.

With regards to the food prices in the second half of 2019, experts said that vegetable prices are expected to continue their slipping after the start of its growing season, while pork prices are likely to rise slightly.

The impact of housing prices, including rent and bills, on the CPI of China was also obvious in the first six months of this year, coming second to food prices in the CPI data.

In terms of rent, specifically, except for the 2.7 percent increase after the Spring Festival, the growth rate in the other months was 2.4 percent or less - which was similar compared to a year earlier.

It also showed that the policy effect of standardizing the country's housing rental market in recent years has begun to appear.

The prices of water, electricity and gas only grew by 1.4 percent year on year, which was lower than the percentage gain in the CPI in those six months.

Moreover, official data showed that prices of home appliances such as TVs and fridges dropped from January to June, but the increase in the prices of labor-based household services remained at around five percent year on year, with a peak of 7.6 percent reached in January just before the Spring Festival.

What maintained a moderate growth were clothing prices in China, which had a two percent rise in the first six months.

However, the rising trend in cost of labor can also be seen in clothing processing services, with the prices climbing to over four percent each month.

Transportation prices in the CPI data showed an overall downward trend in the first half of 2019, while the prices of their influence factors went either up or down.

Petrol prices kept declining in most months out of the first six, and prices of vehicles kept going down by one percent for six consecutive months.

But at the same time, the vehicle maintenance cost continued to rise by about 2.7 percent each month.

DOWNLOAD
  • ID : 8115681
  • Published : 2019-07-11 02:03
  • Last Modified : 2019-07-11 02:04:58
  • Location : Various,China
  • Category : economy, business and finance
  • Duration : 2'12
  • Audio Language : Nats/Part Mute
  • Source : China Central Television (CCTV),China Global Television Network (CGTN)
  • Restrictions : No access Chinese mainland
  • Version : 2

China-CPI/H1

China reveals impact of price changes in various areas on CPI

Dateline : July 10, 2019/Recent/File

Location : Various,China

Duration : 2'12

  • English


FILE: China - Exact Date and Location Unknown (CCTV - No access Chinese mainland)
1. Various of vegetable market, vegetables

Turpan City, Xinjiang Uygur Autonomous Region, northwest China - Recent (CCTV - No access Chinese mainland)
2. Hami melons

Kuqa County, Aksu Prefecture, Xinjiang Uygur Autonomous Region, northwest China - Recent (CCTV - No access Chinese mainland)
3. Apricots

FILE: China - Exact Date and Location Unknown (CCTV - No access Chinese mainland)
4. Various of consumers picking fruits at supermarket, fruit in basket

FILE: Beijing, China - Date Unknown (CCTV - No access Chinese mainland)
5. Fruits in shop
6. Cherries

FILE: Beijing, China - Feb 13, 2016 (CCTV - No access Chinese mainland)
7. Various of pork section at Xinfadi Agricultural Products Wholesale Market, customers

FILE: China - Exact Date and Location Unknown (CCTV - No access Chinese mainland)
8. Pigs on truck

FILE: Guangzhou City, Guangdong Province, south China - Aug 4, 2018 (CCTV - No access Chinese mainland)
9. Various of residential buildings

FILE: Shenzhen City, Guangdong Province, south China - Date Unknown (CCTV - No access Chinese mainland)
10. Various of residential building
11. Various of interior of apartment, appliances

FILE: China - Exact Date and Location Unknown (CCTV - No access Chinese mainland)
12. Exterior of Suning store
13. Various of customers choosing TV

FILE: Beijing, China - Date Unknown (CCTV - No access Chinese mainland)
14. Housekeeping staff cleaning room, talking to customer
15. Various of housekeeping management personnel teaching people to fold clothes

FILE: Beijing, China - February 2018 (CGTN - No access Chinese mainland)
16. Clothes section in shopping mall
17. Shoppers choosing clothes

FILE: Chongqing Municipality, southwest China - Date Unknown (CCTV - No access Chinese mainland)
18. Various of workers working in clothes factory

FILE: Tianjin Municipality, north China - Aug 24, 2018 (CCTV - No access Chinese mainland)
19. Various of cars being refueled at gas station

FILE: Shanghai Municipality, east China - Date Unknown (CCTV - No access Chinese mainland)
20. Various of cars in store
21. Various of traffic
22. Aerial shot of traffic


China's National Bureau of Statistics on Wednesday issued a semi-annual report on price changes in food, housing, clothing and transportation, showing the influences of those prices on the country's consumer price index (CPI) in the first half of 2019.

Food prices account for 30 percent of China's CPI, which impacts the index greatly.

The report showed that, from January to June, China's monthly year-on-year percentage gain in food prices continued to rise.

Vegetable and fruit prices began to climb at the beginning of March. Apart from an insufficient supply caused by poor weather conditions and natural disasters, the time gap between inventory shortage and the harvest of fresh fruits also resulted in a price increase.

In spite of that, prices of vegetables and fruits will soon return to reasonable levels once the seasonal factors are gone. The latest data also showed some decline in those prices.

Pork prices, which started to soar in March, are now in a new round of rising cycle. Affected by swine fever and other factors, the year-on-year rise in pork prices has clawed back from negative to positive, leading to a faster growth.

With regards to the food prices in the second half of 2019, experts said that vegetable prices are expected to continue their slipping after the start of its growing season, while pork prices are likely to rise slightly.

The impact of housing prices, including rent and bills, on the CPI of China was also obvious in the first six months of this year, coming second to food prices in the CPI data.

In terms of rent, specifically, except for the 2.7 percent increase after the Spring Festival, the growth rate in the other months was 2.4 percent or less - which was similar compared to a year earlier.

It also showed that the policy effect of standardizing the country's housing rental market in recent years has begun to appear.

The prices of water, electricity and gas only grew by 1.4 percent year on year, which was lower than the percentage gain in the CPI in those six months.

Moreover, official data showed that prices of home appliances such as TVs and fridges dropped from January to June, but the increase in the prices of labor-based household services remained at around five percent year on year, with a peak of 7.6 percent reached in January just before the Spring Festival.

What maintained a moderate growth were clothing prices in China, which had a two percent rise in the first six months.

However, the rising trend in cost of labor can also be seen in clothing processing services, with the prices climbing to over four percent each month.

Transportation prices in the CPI data showed an overall downward trend in the first half of 2019, while the prices of their influence factors went either up or down.

Petrol prices kept declining in most months out of the first six, and prices of vehicles kept going down by one percent for six consecutive months.

But at the same time, the vehicle maintenance cost continued to rise by about 2.7 percent each month.

ID : 8115681

Published : 2019-07-11 02:03

Last Modified : 2019-07-11 02:04:58

Source : China Central Television (CCTV),China Global Television Network (CGTN)

Restrictions : No access Chinese mainland

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