Reported 16 days ago
In October, China's consumer prices rose at the slowest pace in four months, increasing by just 0.3% year-on-year, while deflation in producer prices worsened. Despite a 10 trillion yuan stimulus package aimed at alleviating local government debt, many analysts believe it will not significantly impact economic activity or consumer demand in the near term. As household wealth remains tied up in the struggling real estate sector, consumers are cautious with spending, contributing to ongoing deflationary pressures.
Source: YAHOO