Reported 16 days ago
China's consumer inflation remained weak in October, with the latest data showing a 0.3% increase in the consumer price index compared to the previous year, while factory prices continued their 25-month decline. This suggests that government stimulus efforts have not effectively addressed deflation or bolstered domestic demand. Economists predict mild CPI conditions will persist, potentially leading to more interest rate cuts, as consumer confidence and spending remain subdued amidst falling producer prices and economic uncertainty.
Source: YAHOO