AI Data Insight
China's Means of Production PPI index reached 105.0 in July 2026 (Q3), outperforming the previous value of 104.8, indicating that upstream industrial inflation maintains an expansionary trend. Although the overall PPI was dragged down by sluggish domestic demand and fell below market consensus, the double-digit growth in sub-categories such as mining and raw materials further highlights the structural divergence of China's economy, characterized by being "hot on the outside, cold on the inside."