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rdf:type	schema:NewsArticle
schema:articleBody	Factory prices in China climbed further in March, growing at the fastest pace in more than two years, official data showed Friday -- backed by a rise in commodity prices and the country's economic recovery from Covid-19. The producer price index (PPI), which measures the cost of goods at the factory gate, exceeded expectations to grow 4.4 percent from a year ago, said the National Bureau of Statistics. The figure was "due to factors such as rising international commodity prices" including those of crude oil and iron ore, and boosted by an "increase in domestic industrial production and investment demand", said NBS senior statistician Dong Lijuan. Analysts had expected the rise in PPI given the low base of comparison last year, when lockdowns and strict movement controls to stamp out Covid-19 -- which first emerged in a central Chinese city -- dragged economic activity. But the economy has since bounced back after China brought the virus outbreak largely under control, with leaders setting a 2021 growth target of above six percent and a mass vaccination campaign underway. The International Monetary Fund this week raised its growth forecast for China to 8.4 percent as well, after the world's second largest economy became the only major one to expand last year. Official data Friday showed China's consumer price index (CPI) rose 0.4 percent on-year in March, with prices of some food items such as fresh fruit growing but that of pork dropping. China's CPI, a key gauge of retail inflation, had in recent years been driven up by pork prices after an African swine fever outbreak ravaged stocks. This has since stabilised with officials working to boost supplies of the country's staple meat. bys/rox/mtp
schema:headline	China's consumer and factory prices rise in March
schema:mentions	Consumer price index Commodity Domestic pig Ore Industry International Monetary Fund Inflation City Virus Vaccine China Coronavirus disease 2019 Classical swine fever Statistics African swine fever virus Logic gate National Bureau of Statistics of China Iron ore Price of oil
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-04-09 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	77 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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