China’s soaring producer price index (PPI) and export prices are adding to inflationary pressures around the world, according to analysts. The Chinese Communist Party’s (CCP) recent power sector reform pushes up inflation and export costs, an expert says. The rising production costs in China continue to reflect onto its downstream consumers overseas. In October, China’s PPI hit the highest level since 1995, reaching a 13.5 percent increase over the same period last year. In November, its PPI rose 12.9 percent year-on-year, while its purchasing price index for raw materials, fuel & power (PPIRM) were up 17.4 percent year-on-year, another record high. According to China’s General Administration of Customs, the export unit value index has also risen significantly in 2021. The index (HS2 Classification, 2020=100) has soared from 97.9 in February to 107.5 in November, nearly ten percentage points, with a peak in September hitting 110.6. Hong Kong financial analyst Katherine …