Source: China – South China Morning PostFactory-gate prices in China hit a 13-year high in May as manufacturers passed on the surging prices of raw materials, data released on Wednesday shows.The producer price index (PPI), which reflects the prices that factories charge wholesalers for their products, rose to 9 per cent in May from a year earlier, up from a gain of 6.8 per cent in April, the National Bureau of Statistics (NBS) said.This was above expectations, as a Bloomberg survey of analysts had predicted a rise of 8.5 per cent,…Read More