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China's strong factory gate inflation shows economic momentum still robust

Reuters  |  BEIJING 

BEIJING (Reuters) - China's producer prices were surprisingly strong in October, while consumer inflation picked up pace in a sign the economy remains robust, with analysts expecting further price pressure as the government's crackdown on smog hurts factory output.Beijing is already in the second year of a campaign to reduce high levels of debt, keeping liquidity conditions relatively tight as it seeks to flush out speculative financing. Growth, however, has remained strong this year, thanks to a construction boom that has drive up raw materials prices and in part fed inflationary pressures. ...

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First Published: Thu, November 09 2017. 10:46 IST