Furthermore, the EU27 does not have the same legislative backstop as the UK8, which, in any case, may require the agreement of Memorandums of Understanding (MOUs) between the regulatory authorities first. Therefore, we still expect firms to continue to prepare for plausible contingencies, including the eventuality that the transition period is not finally agreed.
According to the statistics of the NBS, the PPI jumped by 7.2 percent yoy. With prices of raw materials, labor and land trending upward and their downstream impacts growing, the inflation pressure is on the rise, even though inflation is still seen as can be controlled within 4 percent for the year.