BEIJING: China's factory gate prices rose in annual terms in January for the first time in 12 months and at the fastest rate since May 2019, suggesting gathering growth momentum for the world's second-largest economy.
The producer price index (PPI) rose 0.3% from a year earlier, the National Bureau of Statistics said in a statement, but slightly lagged a 0.4% gain tipped by a Reuters poll of analysts. PPI declined 0.4% in December.
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