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China producer prices deflate 2.7%

Deflationary pressures at China's manufacturers have reached their strongest in a year-and-a-half.

As key commodity prices continue to drop, China's producer price index tumbled to a year-over-year pace of -2.7 per cent pace last month.

PPI has now been caught in deflation for 33 months. The -2.7 per cent print is half a point lower than October, as a slowing economy and a turning housing market weakens demand for industrial goods.

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