According to National Bureau of Statistics chief statistician Dong Lijuan, China’s April producer price index showed three main trends. Global crude oil price increases drove up domestic petroleum-related industry prices. Strong demand for semiconductors and accelerating electrification boosted prices in key sectors: fiber optics manufacturing prices rose 22.5 percent month-over-month, while external storage equipment and components rose 3.2 percent. Market competition improvements also emerged, with lithium-ion battery manufacturing prices rising 1.6 percent and new energy vehicle manufacturing prices declining 0.1 percent, a 0.7 percentage point improvement from the previous month.
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