China: Producer prices hit four-year high

China's producer price index has hit a four-year high, the Financial Times and Nikkei Asia reported on Sunday. The sharp rise is largely attributed to the impact of soaring energy costs, which are weighing heavily on industrial activity in the country. According to reports, the inflationary pressure is occurring alongside persistent weak domestic demand in the world's second-largest economy, creating significant challenges for Beijing's economic policy. Further details regarding the impact of these figures on global markets have not yet been released.