plunged more than 7% after the firm announced a suspension in production due to disruptions at its supply chain partners as a result of Covid.
The more notable fact is the big gap between CPI and PPI, and that indicates that pricing power amongst most companies in China is weak and they're taking a hit on margins.China's producer inflation for March was higher than expected. The producer price index surged 8.3% as compared with a year ago, official data showed Monday, above expectations for a 7.9% increase in a Reuters poll.
Chinese consumer inflation also rose more than expected in March, with the consumer price index climbing 1.5% year-on-year. That was above expectations in a Reuters poll for a 1.2% increase.Stock picks and investing trends from CNBC Pro:
Im trying to decide who are the biggest carnival barking criminals, cnbc Asia or cnbc U.S, I’d say one in the same..
They are in losing trend as their premier sided with putin and is being somewhat malaised by the ordeal
Meanwhile... .. large banks, and Wealthy Multinational MONOPOLY Groups are buying up all United States homes (at times giving 100’s of thousands above asking)… it was only a matter of time before the oligarchs started raising rent. 🇺🇲🇺🇲🇺🇲 HUDgov AP
Meanwhile... Half of Tesla's cars are Made in China !!! Furthermore; last year, elonmusk moved Tesla's export hub from California to Shanghai, China !!! 😵💫😵💫😵💫 via businessinsider