In response to the US Treasury sanctioning 12 entities, including those in Hong Kong, accusing them of transporting Iranian oil to China, China Ministry of Foreign Affairs spokesperson Guo Jiakun stated that China strongly opposes illegal unilateral sanctions that lack basis in international law and are not authorized by the United Nations Security Council, and will resolutely safeguard the legitimate rights and interests of its enterprises. Related NewsPPI YoY for Apr in China is 2.8%, higher than the previous value of 0.5%. The forecast was 1.5%.
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