National Bureau of Statistics: PPI is expected to rebound at a low level
Liu, spokesperson for the National Bureau of Statistics, stated that despite the current uncertainties in international input effects, with the implementation of policies related to large-scale equipment updates, relevant industry demand is expected to be boosted. At the same time, the recovery of consumer demand also benefits the rise in consumer goods manufacturing. Overall, it is expected that PPI will rebound at a low level in the next step.
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