China’s factory gate prices rise in June during brief Iran war respite

China’s factory-gate prices continued to rise in June despite a temporary easing of the US-Iran conflict that had previously driven up energy costs, while domestic demand remained weak. The producer price index (PPI) increased 4.1 per cent year on year last month, compared with a 3.9 per cent rise in May, according to data released by the National Bureau of Statistics (NBS) on Thursday. The increase matched a projection from economists polled by financial data provider Wind. Meanwhile, the...