Reported about 1 year ago
According to the Mainland China Bureau of Statistics, military and public sector pay raises, as well as increases in the minimum wage, are expected to have a slight impact on prices. Concerns have been raised about a possible inflationary spiral due to these factors, along with a bullish stock market and a CPI year-on-year increase of 2.20% in the second quarter. However, the Bureau remains optimistic, noting a gradual easing of inflationary pressures domestically with prices stabilizing and healthcare costs, rent, and dining-out expenses requiring close monitoring in the future.
Source: YAHOO