Reported 2 months ago
In July, China's consumer prices increased slightly, reaching a five-month high of 0.5% year-on-year, driven by weather-related disruptions leading to higher food prices. However, the overall domestic demand remains weak, with concerns lingering over the economy due to a downturn in car sales and job insecurities. Despite hopes for a recovery, low consumer spending continues to challenge policymakers.
Source: YAHOO