Core Viewpoint - The National Energy Administration is promoting the development of new technologies, models, and industries in the green liquid fuel sector to ensure energy security and facilitate green transformation [1] Group 1: Project Support - The National Energy Administration plans to support nine projects, including a 30,000 tons/year cellulose fuel ethanol project by Guotou Bio [1] - The projects aim to advance green liquid fuel technology and industrialization [1] Group 2: Project Details - The first batch of pilot projects includes: 1. Guotou Bio's 30,000 tons/year cellulose fuel ethanol project [1] 2. Integrated wind power and biomass green methanol project in Tiaonan City by Shanghai Electric Green Source Technology [1] 3. Jin Feng Technology's green methanol project with a capacity of 500,000 tons (Phase 1: 250,000 tons/year) [1] 4. Integrated wind-solar-storage hydrogen ammonia methanol project in Anda City [1] 5. Liaoning Huadian's 450,000 kW wind power hydrogen coupling green methanol project [1] 6. Jiangsu Lanze's 300,000 tons/year green methanol project [1] 7. 1.52 million tons/year zero-carbon hydrogen ammonia project by Envision Zero Carbon Technology [1] 8. Green hydrogen ammonia methanol integrated project by China Energy Construction Group [1] 9. Green hydrogen synthesis ammonia integrated project by State Power Investment Corporation [1]

Core Insights - In July 2025, the national consumer price index (CPI) remained unchanged year-on-year, with urban prices stable and rural prices decreasing by 0.3% [1] - The average CPI from January to July 2025 decreased by 0.1% compared to the same period last year [1] Price Changes Year-on-Year - In July, the prices of food, tobacco, and alcohol decreased by 0.8%, contributing to a 0.21 percentage point decline in CPI [2] - Specific food items saw significant price changes: egg prices fell by 11.2%, fresh vegetable prices dropped by 7.6%, and pork prices decreased by 9.5%, all impacting CPI negatively [2] - Other categories showed price increases, with "other goods and services" rising by 8.0%, clothing by 1.7%, and education, culture, and entertainment by 0.9% [2] Price Changes Month-on-Month - In July, the prices of food, tobacco, and alcohol decreased by 0.1% month-on-month, leading to a 0.04 percentage point decline in CPI [3] - Fresh fruit prices fell by 3.4%, while fresh vegetable prices increased by 1.3%, affecting CPI in opposite directions [3] - Other categories experienced price increases, with transportation and communication rising by 1.5% and education and culture by 1.3% [3]

Group 1: Year-on-Year Changes in Industrial Producer Prices - In July, the prices of production materials decreased by 4.3%, contributing approximately 3.20 percentage points to the overall decline in industrial producer prices [2] - The mining industry saw a significant price drop of 14.0%, while raw materials and processing industries experienced declines of 5.4% and 3.1%, respectively [2] - Consumer goods prices fell by 1.6%, with food prices down by 1.8% and durable goods prices down by 3.5% [2] Group 2: Month-on-Month Changes in Industrial Producer Prices - In July, the month-on-month prices of production materials decreased by 0.2%, impacting the overall industrial producer price level by approximately 0.17 percentage points [7] - The mining industry prices decreased by 0.2%, while raw materials and processing industries saw declines of 0.1% and 0.3%, respectively [7] - Consumer goods prices also fell by 0.2%, with food prices remaining stable and durable goods prices decreasing by 0.6% [7] Group 3: Industrial Producer Purchase Prices - The purchase prices for fuel and power decreased by 10.8%, while black metal materials and chemical raw materials saw declines of 8.0% and 6.5%, respectively [6] - Prices for agricultural products decreased by 4.6%, and construction materials and non-metallic materials fell by 3.8% [6] - Prices for non-ferrous metal materials and wires increased by 2.8% [6] Group 4: Key Industry Price Changes - The coal mining and washing industry experienced a price drop of 23.0%, while the oil and natural gas extraction industry saw a decrease of 12.6% [10] - The black metal mining industry prices fell by 9.1%, whereas the non-ferrous metal mining industry prices increased by 11.1% [10] - The food manufacturing industry prices decreased by 1.1%, while the beverage and refined tea manufacturing industry prices remained stable [10]

2025年7月份，全国工业生产者出厂价格环比下降0.2%，工业生产者购进价格环比下降0.3%，降幅比上 月分别收窄0.2个和0.4个百分点。工业生产者出厂价格同比下降3.6%，工业生产者购进价格同比下降 4.5%。1—7月平均，工业生产者出厂价格比上年同期下降2.9%，工业生产者购进价格下降3.2%。 国家统计局发布数据显示，2025年7月份，全国工业生产者出厂价格环比下降0.2%，工业生产者购进价 格环比下降0.3%，降幅比上月分别收窄0.2个和0.4个百分点。工业生产者出厂价格同比下降3.6%，工业 生产者购进价格同比下降4.5%。1—7月平均，工业生产者出厂价格比上年同期下降2.9%，工业生产者 购进价格下降3.2%。 ...

Group 1 - The core viewpoint of the article highlights the continuous recovery of the core CPI in July 2025, with a month-on-month increase in CPI and a narrowing decline in PPI [1][2][4] - The CPI increased by 0.4% month-on-month, driven by rising prices in services and industrial consumer goods, with service prices contributing approximately 0.26 percentage points to the CPI increase [2][3] - The core CPI, excluding food and energy, rose by 0.8% year-on-year, marking the highest increase since March 2024, influenced by significant price increases in gold and platinum jewelry [2][3] Group 2 - The PPI decreased by 0.2% month-on-month, with the decline narrowing by 0.2 percentage points compared to the previous month, marking the first month-on-month narrowing since March [4][5] - The decline in PPI was influenced by seasonal factors and uncertainties in the international trade environment, affecting prices in several industries, including non-metallic mineral products and coal mining [4][5] - Year-on-year, the PPI fell by 3.6%, with some industries experiencing price recovery due to improved supply-demand relationships and ongoing macroeconomic policies [5][6]

Group 1: CPI Analysis - The Consumer Price Index (CPI) increased by 0.4% month-on-month in July, reversing a previous decline of 0.1% in June, with year-on-year growth remaining flat [1][2] - The core CPI, excluding food and energy, rose by 0.8% year-on-year, marking the highest increase since March 2024, with a continuous expansion in growth for three consecutive months [2][3] - Service prices contributed significantly to the CPI increase, with a month-on-month rise of 0.6%, driven by seasonal factors such as summer travel, affecting prices of flights, hotels, and transportation [2][3] Group 2: PPI Analysis - The Producer Price Index (PPI) decreased by 0.2% month-on-month, but the decline was less than the previous month, marking the first narrowing of the month-on-month decline since March [4][5] - Year-on-year, the PPI fell by 3.6%, with the decline remaining consistent with the previous month, indicating some stabilization in certain industries due to improved supply-demand relationships [5][6] - Seasonal factors and uncertainties in international trade impacted prices in several sectors, including construction materials and energy, while domestic market competition helped to narrow price declines in various industries [4][5]

Group 1: CPI Analysis - In July, the Consumer Price Index (CPI) increased by 0.4% month-on-month, reversing a previous decline of 0.1%, with a year-on-year change remaining flat [1][2] - The core CPI, excluding food and energy, rose by 0.8% year-on-year, marking the highest increase since March 2024, and has expanded for three consecutive months [1][2] - Service prices contributed significantly to the CPI increase, with a month-on-month rise of 0.6%, driven by seasonal factors such as summer travel [2] Group 2: PPI Analysis - The Producer Price Index (PPI) decreased by 0.2% month-on-month, but the decline was less than the previous month, indicating a narrowing of the drop for the first time since March [1][4] - Year-on-year, the PPI fell by 3.6%, with the decline remaining consistent with the previous month, reflecting ongoing macroeconomic policies and improvements in supply-demand relationships in certain industries [1][5] - Seasonal factors and international trade uncertainties have influenced price changes in various sectors, with notable decreases in construction materials and energy-related prices [4][5]

Group 1: Year-on-Year Changes in Industrial Producer Prices - In July, the producer prices for industrial goods saw a decline in production material prices by 4.3%, contributing approximately 3.20 percentage points to the overall decrease in producer prices [3] - The mining industry experienced a significant price drop of 14.0%, while raw material prices fell by 5.4% and processing industry prices decreased by 3.1% [3] - Consumer goods prices decreased by 1.6%, impacting the overall producer price level by about 0.42 percentage points, with food prices down by 1.8% and durable goods prices down by 3.5% [3] Group 2: Month-on-Month Changes in Industrial Producer Prices - In July, the producer prices for industrial goods showed a month-on-month decline in production material prices by 0.2%, affecting the overall producer price level by approximately 0.17 percentage points [7] - The mining industry prices decreased by 0.2%, raw material prices fell by 0.1%, and processing industry prices dropped by 0.3% [7] - Consumer goods prices also saw a decline of 0.2%, with food prices remaining stable and durable goods prices decreasing by 0.6% [7] Group 3: Changes in Purchase Prices of Industrial Producers - In July, the purchase prices for industrial producers indicated a notable decline in fuel and power prices by 10.8%, black metal materials by 8.0%, and chemical raw materials by 6.5% [6] - Agricultural and sideline product prices decreased by 4.6%, while construction materials and non-metallic materials fell by 3.8% [6] - Conversely, prices for non-ferrous metal materials and wires increased by 2.8% [6]

Group 1 - In July 2025, the national consumer price index (CPI) remained flat year-on-year, with urban prices unchanged and rural prices down by 0.3% [1] - Food prices decreased by 1.6% year-on-year, while non-food prices increased by 0.3% [1] - The average CPI from January to July 2025 decreased by 0.1% compared to the same period last year [1] Group 2 - In July 2025, the CPI increased by 0.4% month-on-month, with urban prices up by 0.4% and rural prices up by 0.3% [1] - Food prices decreased by 0.2% month-on-month, while non-food prices increased by 0.5% [1] - Service prices rose by 0.6% month-on-month, contributing to the overall CPI increase [1] Group 3 - In July 2025, the prices of food, tobacco, and alcohol decreased by 0.8% year-on-year, impacting the CPI by approximately 0.21 percentage points [3] - Key contributors to the decline in food prices included eggs (down 11.2%), fresh vegetables (down 7.6%), and pork (down 9.5%) [3] - Other categories showed price increases, with other goods and services up by 8.0%, clothing by 1.7%, and living goods and services by 1.2% [3] Group 4 - Month-on-month, food, tobacco, and alcohol prices decreased by 0.1%, affecting the CPI by about 0.04 percentage points [7] - Fresh fruit prices fell by 3.4% month-on-month, while fresh vegetables rose by 1.3% [7] - Other categories saw price increases, with transportation and communication up by 1.5%, education and culture by 1.3%, and other goods and services by 0.9% [7]

（文章来源：国家统计局） 国家统计局：7月CPI同比持平，PPI同比下降3.6%。 ...