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
-
At the Vibrant Gujarat Global Summit in 2024, the UAE and India officially launched the UAE-India Comprehensive Economic Partnership Agreement (CEPA) Council (UICC). This milestone event, attended by UAE Minister of State for Foreign Trade Dr. Thani bin Ahmed Al Zeyoudi and In...
-
Australia has expressed support for the military actions of the United States and the United Kingdom as they conducted over a dozen airstrikes against locations utilized by Iran-backed Houthi rebels in Yemen. The strikes, confirmed by US President Joe Biden, represent a substa...
Facebook Comments