China’s return to factory-gate inflation was driven by increases in upstream raw materials, said Betty Wang, an analyst at ANZ. Chinese factories staged a stunning export-driven recovery in 2020 thanks to hot global demand for home electronics and anti-epidemic goods, and as other manufacturing economies struggled with COVID-19 lockdowns.

As production picks up after the Spring Festival holidays, Chinese factories are confronting soaring steel and aluminum prices. Experts said that the start of the 14th Five-Year Plan will further boost the overall economy, so demand for steel will also increase. Contact us and get more details of outdoor furniture sofa price.