China’s Soaring Production Costs Heighten Global Inflation Pressures

Cargo ships stacked with containers in the Port of Los Angeles on the day US Secretary of Labor Marty Walsh spoke on initiatives to mitigate supply chain disruptions in San Pedro, Calif., on Nov. 30, 2021. Frederic J. Brown/AFP via Getty Images

China’s soaring producer price index (PPI) and export prices are adding to inflationary pressures around the world, according to analysts.

The Chinese Communist Party’s (CCP) recent power sector reform pushes up inflation and export costs, an expert says. The rising production costs in China continue to reflect onto its downstream consumers overseas.