China's factory gate inflation slows, outlook dimmed by still-elevated prices
5 Min Read BEIJING (Reuters) - China’s factory gate inflation eased in June after a government crackdown on runaway commodity prices, but the annual rate stayed uncomfortably high and underlined growing strains on the economy as Beijing tries to bolster a post-coronavirus revival. FILE PHOTO: Copper rods are seen at Truong Phu cable factory in northern Hai Duong province, outside Hanoi, Vietnam, August 11, 2017. REUTERS/Kham/File Photo The persistently high inflationary pressures in the industrial sector prompted China’s cabinet this week to flag potential policy easing measures, mainly t...