China's producer prices surge the most since 2008, cutting into business profits

Sverige Nyheter Nyheter

China's producer prices surge the most since 2008, cutting into business profits
Sverige Senaste nytt,Sverige Rubriker

More pessimistic businesses expect the price increases will last until the end of the year, said Gan Jie, a Cheung Kong Graduate School of Business professor.

  • 📰 CNBC
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 72%

, particularly those affected by rising raw material prices.

He noted that their operating profit margin of 6% in the first four months of the year was 2 percentage points lower than that of large enterprises — a gap that is increasing. On the other hand, private consumer costs rose only slightly. The statistics bureau said Wednesday that the consumer price index rose 1.3% year on year in May, missing expectations for a 1.6% increase. The index has been dragged down by aChina's manufacturers also face pressure from an expected drop in overseas purchases.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

CNBC /  🏆 12. in SE
 

Sverige Senaste nytt, Sverige Rubriker



Render Time: 2025-01-15 23:40:44