Reported 1 day ago
China's consumer prices remained stable in July, with no change from the previous year, as deflationary trends eased following government actions to reduce excessive competition among businesses. Despite a continued decline in factory prices, the government is prioritizing the management of overcapacity in key industries to rejuvenate domestic demand and combat deflation. Ongoing struggles to maintain profits amid fierce local competition and weak consumer spending have prompted calls for more decisive actions to address these economic challenges.
Source: YAHOO