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Commodities push China’s PPI up

Posted on 17 October 2016

China’s producer price index (PPI) rose in September for the first time in nearly five years, led by a recovery in demand and the recent rebound of commodity prices. But the figure doesn’t necessarily herald an uptick in domestic economy, as China is still confronted with overcapacity in the manufacturing sector, experts warned.
China’s consumer price index (CPI), the main gauge of inflation, grew 1.9 percent year-on-year in September, up from the 1.3 percent rise in August, while PPI gained 0.1 percent year-on-year, the first increase since March 2012, according to a statement released by the National Bureau of Statistics. “The Chinese government has rolled out measures to stimulate domestic demand in the infrastructure sector,” Liu Xuezhi, an analyst at Bank of Communication, said……………………………………..Full Article: Source


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