Weak consumption is a 'major problem' for China's recovery, says analytics firm
Data released Wednesday showed a record gap between the speed at which producer prices and consumer prices are rising."The major problem has been that the consumer's not all the way back," says Leland Miller, CEO of China Beige Book, a U.S.-based independent data and analytics firm.Persistent weakness in Chinese consumption will prevent businesses from charging higher prices — even as production costs keep rising, says Leland Miller of China Beige Book International, a U.S.-based independent dat