China’s easing factory gate prices hint at broader economic slowdown

June 9, 2017 BEIJING (Reuters) – China’s producer price inflation eased for the third straight month in May on tumbling prices of raw materials, signaling a broader cooling in economic activity as profits are squeezed by slackening domestic demand and rising financing costs. Moderating factory gate inflation in the world’s second-biggest economy could be a further worry for global central banks like the U.S. Federal Reserve and European Central Bank, which are puzzling over why domestic prices have remained sluggish despite improving economic growth. China’s producer price index (PPI) rose…

Read More