Latest
China Faces Deeper Deflation as Consumer Prices Hit Three-Year Low in November
China’s consumer prices experienced the steepest three-year drop in November, with a 0.5% decline both year-on-year and month-on-month, marking the sharpest drop since November 2020, according to data from the National Bureau of Statistics (NBS). The deepening factory-gate deflation raises concerns about deflationary pressures amid doubts over economic recovery. Analysts attribute this to falling global energy prices, reduced winter travel demand, and a persistent supply glut. The weak core Consumer Price Index (CPI) reading of 0.6% year-on-year emphasizes concerns about sluggish demand, prompting calls for strategic policies to foster sustainable growth
About The Author
Zabitah is a digital space dedicated to fostering open dialogue, understanding, and progress in our ever-evolving society. Zabitah believes in the power of unbiased information, constructive conversations, and diverse perspectives to shape a better tomorrow.
You Might Also Like
-
US YouTube star, James Stephen ‘Jimmy’ Donaldson, known as MrBeast, proposed to his girlfriend, gaming content creator Thea Booysen, over Christmas. The 26-year-old businessman shared the joyous moment on Instagram, featuring photos of th...
-
In a press conference in Karachi, the leader of Majlis-e-Wahdat-ul-Muslimeen (MWM), Allama Raja Nasir Abbas, announced that both parties had signed an agreement. He demanded immediate implementation of the agreement. He also declared the end of the protests, expressing hope...
Facebook Comments