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China PPI May Accelerate Due to Imported Inflation: Yicai

CHINA PRESS
MNI (Singapore)

China’s PPI, measuring factory-gate inflation, may reverse its current deceleration and begin to rise faster in March, as international crude oil and some non-ferrous metal prices will increase significantly amid geopolitical tensions, Yicai.com reported citing Wang Qing, analyst with Golden Credit Rating. February PPI reversed the previous slide to rise 0.5% m/m, a sign of imported inflation picking up, the newspaper said. China should fully release domestic production capacity of energy and heavy chemical industries to help stabilize prices, as well as crack down on excessive financial speculation, the newspaper said citing Zhang Liqun, researcher, Development Research Center of the State Council.

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