Energy Markets
China's factory-gate prices in May rose to their highest level in almost 4 years
China's producer price rose for the third consecutive month in May, to its highest level?since July 20,22. Consumer prices remained?elevated due to global energy prices that put cost pressure on manufacturers and increase costs for households. The Middle East conflict may increase costs, which could further reduce domestic demand and stifle corporate profits. This will make it difficult for policymakers to promote household consumption. National Bureau of Statistics data revealed that the producer price index (PPI), a measure of the cost of goods produced, rose by 3.9% compared to the previous year. This was higher than the 3.8% predicted in...