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China PPI rises 3.9% in May
The Producer Price Index in China rose by 3.9 percent year-on-year in May, down from the 1.7 percent increase in April, with a monthly growth of 0.5 percent. The National Bureau of Statistics attributed this rise to improvements in the industrial structure and increased seasonal demand, while fluctuations in global oil prices caused some industries to shift from increases to declines.
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