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China Producer Prices Turn Negative in Warning Sign for Global Economy
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SINGAPORE—Prices charged by Chinese companies at the factory gate recorded their first annual fall in almost two years, another downbeat signal for the global economy as bulging inventories and cautious consumers in the West hit overseas demand for Chinese-made goods.
Chinese producer prices fell 1.3% in October compared with a year earlier, the National Bureau of Statistics said Wednesday, the country’s first year-over-year decline in producer-price inflation since December 2020.
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