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 ...

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

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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. 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