Sun, 2019-11-10 06:08
BEIJING: China’s producer prices fell the most in more than three years in October, as the manufacturing sector weakened on declining demand and a knock from the Sino-US tariff war, reinforcing the case for Beijing to keep the stimulus coming. The producer price index (PPI), seen as a key indicator of corporate profitability, fell 1.6 percent in October from a year earlier, marking the steepest decline since July 2016, National Bureau of Statistics (NBS) data showed on Saturday. Analysts had tipped a contraction of 1.5 percent for the PPI.
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