China's factory gate prices fell at fastest pace in 7 years in May: Report
Beijing [China], June 13 (ANI): China's factory gate prices reduced at the fastest pace in seven years in May 2023 and quicker than forecasts as demand weighed on a slowing production sector and affected the fragile economic recovery, Gulf Today reported.
Factory-gate price is the price at which a factory sells goods to wholesalers.
China has been tackling a sharp decline in prices with factories getting less for their pr