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China Factory Inflation Surge to Add Pressure to Global Prices

  • PPI rose 9.5% in August from year ago, fastest since 2008
  • Consumer inflation slowed, reflecting weak domestic demand
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Natwest's Peiqian Liu on China's Economic Slowdown
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China’s factory-gate inflation accelerated to a 13-year high, adding to the pressure on global consumer prices which have been pushed up by a commodities boom, soaring shipping costs and an uneven economic recovery from the pandemic.