The producer price index (PPI), which measures the cost of goods at the factory gate, rose 10.7% on-year, according to the National Bureau of Statistics.
Shares of Chinese real estate firms slip as investors worry about the debt crisis that has hit the property sector, including China Evergrande Group, following fresh rating downgrades.
As default looms for ailing property giant China Evergrande, its bond investors abroad are looking at what legal options they have to safeguard their cash
Under the plan, the National Anti-Monopoly Bureau would be elevated to deputy-ministerial level, while remaining within SAMR, to help M&A investigators gain resources
Latest increase follows government U-turn introduced to boost power generation; floods in mining regions deepen difficulties in extracting coal.
Local developers' shares and bonds fell further on Wednesday after Evergrande missed a third round of interest payments on dollar bonds in three weeks
China has the ability to address the Evergrande crisis, although there is a risk of the developer's pain escalating to cause broader financial stress, the Fund says
Bondholders said Evergrande hadn’t stumped up $150 million for a coupon payment due Monday, its third missed payment in as many weeks
Car sales fell 19.6% in September from 2020, amid supply and power constraints, but sales of new energy vehicles were strong, industry officials said.