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
-
As the scheduled date of February 8, 2024, for elections in Pakistan looms on the horizon, there is an undeniable urgency to address the tardiness that has characterized the electoral process. The prolonged tenure of the interim government, while a temporary solution to politi...
-
William Shakespeare, often referred to as the "Bard of Avon," was an English playwright, poet, and actor, born in April 1564. Renowned for his timeless works such as "Romeo and Juliet," "Hamlet," and "Macbeth," Shakespeare's impact on literature and drama is immeasurable. His ...
Facebook Comments