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Economy

China's July factory price growth quickens to 9.0%

Rise in PPI pressures businesses struggling with high raw material costs

A factory in Shanghai: China's economy has largely recovered from disruptions caused by COVID-19 but is losing steam due to higher commodity prices and supply chain bottlenecks.   © Reuters

BEIJING (Reuters) -- China's factory gate inflation in July rose at a faster clip from the previous month and exceeded market expectations, adding to strains on an economy losing recovery momentum as businesses struggle with high raw material costs.

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