By Xu Shenglan
The producer price index (PPI) for China’s industrial products rose 10.0 percent year on year in July, while that of the mining industries surged 34 percent year-on-year, according to China Securities Journal.
The data shows that China’s manufacturing industry is facing the pressure of increasing costs.
Raising the price of new orders is the first choice for many firms, and then improving labor productivity. According to Wanxiang Qianchao Co Ltd, its working efficiency has been raised to one person for four machines instead of one-for-two, and the firm’s gross profit will not decline next year.