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China February factory prices roar back, consumer deflation ebbs
China’s factory gate prices rose at the fastest pace since November 2018 in February as manufacturers raced to fill export orders, raising expectations for robust growth in the world’s second-largest economy in 2021. The producer price index (PPI) rose 1.7% from a year earlier, National Bureau of Statistics data showed on Wednesday, compared with the median forecast for a 1.5% rise from a Reuters poll of analysts and speeding up from a 0.3% pickup in January. The firmer-than-expected price data is in part driven by a very low base a year earlier but also comes as the spectre of surging inflation globally rattles ... (full story)