Mild inflation signals stable growth trend

Producer price expansion could reflect improving industrial profits, experts say

China's factory-gate inflation picked up moderately in April for a second consecutive month and may point to stable economic expansion and improving industrial profits, experts said.

The producer price index rose to a four-month high of 0.9 percent year-on-year last month, up from 0.4 percent in March, with the extractive industry leading the rise, the National Bureau of Statistics said on Thursday.