China 's producer prices rose unexpectedly for the second time in September . The producer price index rose 0.1% in September from a year earlier , marking good news for the Beijing government which is trying to reduce corporate debt. Consumer inflation also beat predictions, thereby easing worries regarding China 's economy following weak trade data a year earlier which rattled the global markets. " An uptick in inflation, if sustained, would be good news for Beijing 's ability to service its overhang of corporate debt. Analysts had expected the consumer price index (CPI) to rise 1.6 percent from 1.3 percent in August, a 10-month low. With low interest rates keeping debt service costs in check and producer prices rising, the outlook for Chinese industrial profits is improving", says PNC Financial's Bill Adams .
China 's producer prices rose unexpectedly for the second time in September . The producer price index rose 0.1% in September from a year earlier , marking good news for the Beijing government which is trying to reduce corporate debt. Consumer inflation also beat predictions, thereby easing worries regarding China 's economy following weak trade data a year earlier which rattled the global markets. "An uptick in inflation, if sustained, would be good news for Beijing 's ability to service its overhang of corporate debt. With low interest rates keeping debt service costs in check and producer prices rising, the outlook for Chinese industrial profits is improving", says PNC Financial's Bill Adams .