China Faces Severe Economic Strain as Factory Costs Surge
BEIJING – China’smanufacturers are facing an intensifying profit squeeze as factory-gate inflation accelerates to a four-year high while domestic consumer demand remains stubbornly weak. Fresh data from the National Bureau of Statistics shows industrial commodity costs are rising rapidly, forcing factories to absorb high production expenses that shoppers refuse to pay. The widening price…
We haven't written up this one. Chiang Rai Times has the full story — the link below goes straight to it.
