AI Data Insight
China's newly released PPI for September 2026 reached 105.0 (a 5.0% year-on-year increase), far exceeding the previous value of 103.8 and the market consensus of 4.5%. This wave of imported inflation, driven by international geopolitics and a surge in raw material prices, is severely testing the cost pass-through capabilities of mid- and downstream enterprises, prompting the market to focus on the authorities' subsequent domestic demand stimulus policies.