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Economy

China producer prices end downtrend; coronavirus points to risk

Consumer prices rise 5.4% on year in January, topping forecast

Although producer prices bounced back in January, the coronavirus outbreak has disrupted supply chains for manufacturers in China, clouding the country's economic outlook.   © Getty Images

BEIJING (Reuters) -- China's factory-gate prices snapped six months of year-on-year declines in January, although prolonged business closures from the coronavirus outbreak mean positive momentum is unlikely to persist.

The virus has killed more than 900 in China and has also added to price pressures, with consumer inflation hitting a more than 8-year high as government restrictions on movement drove residents to stock up on essentials.

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