China is slipping further into deflation. Consumer prices in November recorded an annual contraction of 0.5% (from -0.2% in October) compared to estimates the day before of -0.1%, the largest since November 2020 due to the slowdown in food products (-4.2% from -4% in the previous month) and the further decline in pork prices. Producer … Read more
China still shows elements of deflation: in September consumer prices surprisingly remained unchanged on an annual basis, compared to analysts’ estimates of a rise of 0.2% to strengthen the recovery trend of August (+0.1% ). While on a monthly basis, the National Statistics Office reports, there is an increase of 0.2%. On producer prices, the … Read more
September 19, 2023 11:03 Source: Beijing Daily Participate in interaction Investment in high-tech service industry increased by over 60% The city’s economy continued to recover in the first eight months Report from this newspaper (Reporter Chen Xuening) The city’s economy continues to recover. Yesterday (September 18), the Municipal Bureau of Statistics and the Beijing Survey … Read more