News Snapshot:
China is unlikely to make changes to its monetary policy even as factory-gate prices continue to rise and consumer inflation remains low, further exacerbating concerns of an economic slowdown, analysts say. The producer price index (PPI), which reflects the prices that factories charge wholesalers for their products, rose by 9.5 per cent in August from a year earlier, up slightly from 9 per cent in July, making it the third highest reading since records began, the National Bureau of Statistics said on Thursday. Coal prices hit new highs this week adding pressure to Chinese firms already struggling with other high...
