Employees work on a production line manufacturing metal parts for furniture at a factory in Hangzhou, Zhejiang province, China April 30, 2020. — China Daily pic via Reuters
The PPI plunged 3.1 per cent on-year in April — a 1.3 per cent monthly drop compared with March — according to China's National Bureau of Statistics. The economic shock has depressed demand across the planet, with companies forced to charge less for their products. Analysts also pointed to reduced prices of raw materials and manufactured goods, as well as plummeting global oil prices, to explain the drop in Chinese factory prices.
Source: Financial Digest (financialdigest.net)
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