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China economic data disappoints in April as Covid controls weigh
The continued spread of Covid and the resulting stay-at-home orders – mainly in Shanghai – forced factories to close or operate at limited capacity in April. Pictured on May 12 is a refrigerator factory in Hefei, China, about a five-hour drive from Shanghai. Xie Chen | Visual Group China | Getty Images BEIJING — China […]
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European markets climb as investors anticipate US inflation data; Stoxx 600 up 1%
LONDON — European stocks advanced Wednesday morning as investors eagerly awaited the latest inflation reading. The pan-European Stoxx 600 gained 1.2% by mid-morning. Autos jumped 2.9% to lead the gains, with all sectors trading in positive territory except for health care, which fell 0.9%. The positive morning in Europe came after choppy trading sessions in […]
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Consumer prices in China hit a six-month high as Covid prompts residents to stock up on food
Fresh vegetable prices rose 24% year-on-year in April as consumers stocked up to prepare for possible stay-at-home orders. Pictured is a delivery driver from Alibaba’s Hema Fresh supermarket in Beijing on May 10, 2022. Jade Gao | AFP | Getty Images BEIJING — Consumer and producer prices in China rose more than expected in April, […]
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Consumer prices in China hit a six-month high as Covid prompts residents to stock up on food
Fresh vegetable prices rose 24% year-on-year in April as consumers stocked up to prepare for possible stay-at-home orders. Pictured is a delivery driver from Alibaba’s Hema Fresh supermarket in Beijing on May 10, 2022. Jade Gao | AFP | Getty Images BEIJING — Consumer and producer prices in China rose more than expected in April, […]