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China’s Soaring Factory Costs Send Inflation Signal to the World
Higher raw materials prices and supply bottlenecks are boosting producer prices, which could show up in consumer indexes abroad.
12 May 2021, 11:53 PM IST
(Bloomberg Businessweek) -- Bryant Chan’s factory in Heyuan, in China’s Guangdong province, turns out Nerf guns, LeapPad toy tablets, and other playthings for major U.S. brands, as well as electronics, such as a gadget that can capture data on golf swings. The president of Hong Kong-based Wynnewood Corp., Chan has seen prices for paint, screws, springs, solvent, metal, batteries, and packaging rise as much as 15% this year. Plastic ...
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