According to China's National Bureau of Statistics, released on July 9, China's June Producer Price Index (PPI) rose 4.1% year-over-year, while Consumer Price Index (CPI) climbed 1%. The increases were driven by surging demand for semiconductors and technology equipment amid the global AI boom. China's Science and Technology Innovation 50 Index surged over 3% in early trading on the same day, reflecting market strength in the tech sector.