China's PPI surged 2.8% in April, its highest in 45 months, as Strait of Hormuz disruptions drive commodity prices higher and squeeze manufacturer margins.

PPI rises 3.9% as industrial prices accelerate on equipment upgrades and AI demand, while CPI growth stays flat amid subdued domestic demand

China's factory-gate inflation grew in May at the fastest year-on-year rate since July 2022, even as consumer inflation remained moderate, adding to signs of strengthening…