[China's May PPI fell 4.6% from a year earlier] according to data from the National Bureau of Statistics, in May 2023, factory gate prices across the country fell 4.6% from a year earlier, down 0.9% from a month earlier; purchasing prices for industrial producers fell 5.3% from a year earlier, down 1.1% from a month earlier. From January to May, the average ex-factory price of industrial producers decreased by 2.6% compared with the same period last year, and the purchase price of industrial producers dropped by 2.3%.