Chinese factories face a record gap between rising production costs and selling prices
While selling prices to private consumers are holding fairly steady, production costs are soaring, cutting into how much money manufacturers can make.
The difference between indexes measuring the speed of increase for both reached 7.7 percentage points in May, the highest on record. Manufacturers of cars, ships and airplanes are seeing earnings losses, said Larry Hu, chief China economist at Macquarie. Employees work at a factory producing trucks in Zhangjiakou in China's northern Hebei province on June 9, 2021.BEIJING — Chinese factories are facing the largest gap on record between the speed at which producer prices and consumer prices are climbing.
Selling prices to private consumers are holding fairly steady, while production costs are soaring. That
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