China's sky-high factory inflation slows amid price crackdown by govt

China's economy, which staged an impressive rebound from last year's pandemic slump, has lost momentum in recent months as it grapples with surging prices

China's red-hot factory-gate inflation cooled slightly in November, driven by a government crackdown on runaway commodity prices and an easing power crunch, amid Beijing's efforts to lessen the crippling effects of surging costs on the economy.

The producer price index rose 12.9% in November, the National Bureau of Statistics said on Thursday, slower than October's 26-year high of 13.5% but faster than the 12.4% expected in a Reuters poll of analysts.

While factory inflation remains uncomfortably high, the price moderation may give policymakers some latitude to unleash more stimulus to shore up flagging growth.

China's economy, which staged an impressive