Chinese factories worried about profits face a record gap between rising production costs and selling prices

cnbc2021-06-09

KEY POINTS While selling prices to private consumers are holding fairly steady, production costs are soaring, cutting into how much money manufacturers can make. The difference between indexes ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

siok
2021-06-09
siok
China made goods will get more expensive?
chickbelly
2021-06-09
chickbelly
??

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1142545635?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-06-09 16:35","share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","id":"1142545635","market":"sh","top_or_hot":-1,"title":"Chinese factories worried about profits face a record gap between rising production costs and selling prices","media":"cnbc","content":"<div>\n<p>KEY POINTS\n\nWhile selling prices to private consumers are holding fairly steady, production costs are soaring, cutting into how much money manufacturers can make.\nThe difference between indexes ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/09/chinas-producer-prices-ppi-outpace-consumer-cpi-by-the-most-on-record.html\">Source Link</a>\n\n</div>\n","source":"cnbc_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chinese factories worried about profits face a record gap between rising production costs and selling prices</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChinese factories worried about profits face a record gap between rising production costs and selling prices\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-09 16:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/09/chinas-producer-prices-ppi-outpace-consumer-cpi-by-the-most-on-record.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nWhile selling prices to private consumers are holding fairly steady, production costs are soaring, cutting into how much money manufacturers can make.\nThe difference between indexes ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/09/chinas-producer-prices-ppi-outpace-consumer-cpi-by-the-most-on-record.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"399001","symbol_name":"深证成指","start_time":0,"source_url":"https://www.cnbc.com/2021/06/09/chinas-producer-prices-ppi-outpace-consumer-cpi-by-the-most-on-record.html","article_id":"1142545635","we_media_id":null,"thumbnails":[],"rights":{"source":"cnbc_highlight","url":"https://www.cnbc.com/2021/06/09/chinas-producer-prices-ppi-outpace-consumer-cpi-by-the-most-on-record.html","rn_cache_url":null,"customStyle":"body{padding-top:10px;}.ArticleHeader-headline{#titleStyle#}a{#lv2TextColor#}.ArticleHeader-time, .Author-authorNameAndSocial a{#sourceStyle#;}","selectors":".PageBuilder-pageWrapper","filters":".ArticleHeader-eyebrow, .RelatedTags-relatedTags","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=1142545635","pubTimestamp":1623227724,"sourceInfo":{"source_id":"cnbc_highlight","name":"CNBC"},"weMediaInfo":null,"summary":"KEY POINTS\n\nWhile selling prices to private consumers are holding fairly steady, production costs ar","collect":0,"end_time":0,"defaultTopTitle":"cnbc.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"399001":"深证成指","399006":"创业板指","000001.SH":"上证指数",".IXIC":"NASDAQ Composite"},"translate_title":"担心利润的中国工厂面临着生产成本和售价之间创纪录的差距","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"399001":0.9,"399006":0.9,".IXIC":0.9,"000001.SH":0.9},"content_text":"KEY POINTS\n\nWhile selling prices to private consumers are holding fairly steady, production costs are soaring, cutting into how much money manufacturers can make.\nThe difference between indexes measuring the speed of increase for both reached 7.7 percentage points in May, the highest on record.\nManufacturers of cars, ships and airplanes are seeing earnings losses, said Larry Hu, chief China economist at Macquarie.\n\nBEIJING — Chinese factories are facing the largest gap on record between the speed at which producer prices and consumer prices are climbing.\nSelling prices to private consumers are holding fairly steady, while production costs are soaring. Thatcuts into how much money manufacturers can make.\nChina’sproducer price index rose 9% in Mayfrom a year ago — the fastest since 2008 — as commodity prices surged, while the consumer price index climbed 1.3%, the National Bureau of Statistics said Wednesday.\nThe difference between the two reached 7.7 percentage points, the highest on record, surpassing the previous peak of 7 percentage points in 2017.\nThe widening gap affects heavy commodity users the most, Larry Hu, chief China economist at Macquarie, said in a report Wednesday. He noted that manufacturers of cars, ships and airplanes are seeing earnings losses.\nOn the other hand, coal miners and steel producers are benefiting from the commodity price surge, the report showed.\nHu expects the gap between the producer and consumer price indexes to narrow as commodity prices pull back from highs and the global economic recovery becomes driven more by demand for services, rather than goods.\nFour years ago, commodity prices climbed on the back of China’s cuts to production. Economists said this round of increases is due largely to a recovery in the global economy from the coronavirus pandemic. China remains the largest user of many major commodities such as iron ore and copper.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":180728537,"gmtCreate":1623228186829,"gmtModify":1704198787368,"author":{"id":"3582321146855651","authorId":"3582321146855651","name":"siok","avatar":"https://static.tigerbbs.com/a04cfbf9a7eff8db17c547a33a563b0d","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3582321146855651","authorIdStr":"3582321146855651"},"htmlText":"China made goods will get more expensive?","listText":"China made goods will get more expensive?","text":"China made goods will get more expensive?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/180728537","repostId":1142545635,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":180764512,"gmtCreate":1623227970136,"gmtModify":1704198779998,"author":{"id":"3581996343908589","authorId":"3581996343908589","name":"chickbelly","avatar":"https://static.tigerbbs.com/80c58781e18d006956ec0716a17b0fe6","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3581996343908589","authorIdStr":"3581996343908589"},"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/180764512","repostId":1142545635,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":8,"commentSize":2,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1142545635"}