China's factory-gate prices slipped deeper into deflation in August, falling at the fastest pace in three years, adding to concerns the world’s second largest economy weakens further and putting pressure on Beijing to introduce more stimulus to spur the growth.
The producer price index (PPI) fell 0.8 per cent in August from a year earlier, according to data released by National Bureau of Statistics (NBS) on Tuesday, the steepest year-on-year contraction since August 2016 . . .
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