China’s factory-gate prices growth slows to 3.5% in July amid lower fuel prices

China’s factory-gate prices growth slowed in July, as lower domestic fuel prices eased cost pressures triggered by the US-Israel war on Iran, while high temperatures dragged manufacturing. The producer price index (PPI) rose by 3.5 per cent year on year last month, compared with 4.1 per cent in June, according to data released by the National Bureau of Statistics (NBS) on Sunday. The reading fell short of a projection of 3.98 per cent from economists polled by financial data provider Wind. On a.