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China’s producer prices enter deflation for first time in three years, consumer inflation picks up on surging food prices

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China’s factory gate prices declinced for the first time in three years in July, adding to concerns the world’s second largest economy weakens further and putting pressure on Beijing to roll out more stimulus amid an intensifying trade war with the United States.

China’s producer price index (PPI) fell 0.3 per cent in July from a year earlier, according to data released by National Bureau of Statistics (NBS) on Friday. It was the first contraction on . . .

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