The price of goods leaving China’s factories has risen at its fastest pace since the global financial crisis, piling pressure on the country’s leaders as they grapple with a commodities rally.
China’s producer price index added 9 per cent in May, data from the National Bureau of Statistics showed on Wednesday, its biggest year-on-year increase since September 2008 and higher than economists’ forecasts.
The index has been rising sharply in recent months — gaining 6.8 per cent in April — helped by a low base effect after being in negative territory for most of last year.
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