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
-
Percy Bysshe Shelley, a prominent figure in the Romantic literary movement, graced the 19th century with his visionary and rebellious spirit. Born on August 4, 1792, in Sussex, England, Shelley became renowned for his radical ideas, lyrical prowess, and impassioned exploration...
-
The tradition of fiction in English literature has evolved over centuries, shaping and reflecting the cultural, social, and artistic landscapes of different eras. From the earliest works of medieval romance to the modern complexities of postcolonial narratives, the tradition o...
Facebook Comments