China factory prices rise as industries recover

China factory prices rise as industries recover

Asia Times - China·2021-03-10 12:01

Factory prices in China rose in February at the fastest pace in more than two years, official data showed Wednesday, as the country’s vast industrial sector recovered from a coronavirus-induced slump.

The producer price index (PPI), which measures the cost of goods at the factory gate, rose 1.7% last month, according to data from the National Bureau of Statistics, exceeding analysts’ expectations.

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