China’s Feb CPI rises 1%, PPI falls 1.4% on year
For February, China’s Consumer Price Index (CPI) increased 1% on year but dropped 0.5% on month, while its Producer Price Index (PPI) fell 1.4% on year and stayed unchanged on month, according to the latest release from the country’s National Bureau of Statistics (NBS).
China surpasses US as the world’s biggest oil refiner
China overtook the United State as the world’s biggest oil refiner in 2022, with total refining capacity exceeding 980 million t/y, compared to 897 million t/y in the US, according to the data from OilChem and EIA.
China’s Feb manufacturing PMI nears 11-y high at 52.6
China’s Purchasing Managers’ Index (PMI) for the manufacturing industry climbed by 2.5 index points on month to reach 52.6 in February, hitting the highest level since May 2012, according to the latest release by China’s National Bureau of Statistics (NBS) on March 1.
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