Reported 1 day ago
China's consumer inflation increased for the first time since August, with the consumer price index rising 0.5% in January due to heightened household spending during the Lunar New Year holiday. This temporary boom comes amidst ongoing deflationary pressures, as factory prices continue to decline for 28 consecutive months. The government is prioritizing boosting domestic consumption to counteract the effects of tariffs and an ailing property market, as concerns grow over the potential long-term impacts of deflation on household spending and corporate profit.
Source: YAHOO