Reported about 1 month ago
China's core inflation has fallen to its lowest level in over three years, signaling increasing economic struggles as household spending remains weak. The consumer price index rose by only 0.6% year-on-year in August, falling short of expectations. Analysts warn that deepening deflationary pressures could lead to a downward spiral in prices and wages, prompting calls for more aggressive fiscal and monetary policies to bolster consumption and investment demand.
Source: YAHOO