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Customers shop at a supermarket in Huai'an, Jiangsu province, on May 14, 2026. Photo: VCG
May’s unexpected 3.9% spike in producer prices isn't a sign of broad macroeconomic overheating. Instead, a brutal supply clearing and the global artificial intelligence boom are quietly reshaping the cost of tomorrow
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Customers shop at a supermarket in Huai'an, Jiangsu province, on May 14, 2026. Photo: VCG

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