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
-
In a bid to bolster domestic demand and fortify its economic foundations, China's newly appointed Finance Minister, Lan Foan, has announced ambitious plans to expand government spending in 2024. The move comes as part of Beijing's proactive strategy to stimulate economic growt...
-
In a world grappling with escalating energy demands, climate change concerns, and the finite nature of traditional resources, the imperative for discovering and harnessing new sources of energy has never been more critical. This article explores the pressing need for diversify...
Facebook Comments