China's factory-gate inflation poised for recovery

Shoppers buy fruit at a supermarket in Hangzhou, Zhejiang province.- China Daily]

BEIJING (China Daily/ANN): China's factory-gate inflation is likely to turn positive soon as the economic recovery gains more traction, after the country's producer price index dropped by the slowest rate in 11 months in December, experts said on Monday.

The fall in the PPI, which measures factory-gate prices, narrowed to an 11-month low of 0.4 percent on a yearly basis in December, compared with a 1.5 per cent decline a month earlier, the National Bureau of Statistics said on Monday.