New Delhi, June 10 -- For two years China's problem was that prices would not rise. The problem that arrived on Wednesday is that the wrong ones now do. Factory-gate prices jumped 3.9 percent in May from a year earlier, the fastest pace since July 2022, CNBC reported, while consumer inflation stalled at 1.2 percent and missed forecasts. The world's factory is paying war prices for its inputs and peacetime prices remain all its customers at home will bear.

energy and commodity supplies disrupted by the war on Iran, and an artificial intelligence investment boom inhaling copper, electricity and chips.

Neither shock is Chinese in origin. The first is made in Washington, which launched what it called self-defense strikes against Iran again ...