Plunge in consumer prices has fuelled calls for a stimulus package – yet Beijing may stick to the new normal of lower growth• China consumer prices plunge at fastest rate for 15 yearsChina’s economy has gone from bad to worse – and it is only February.Figures released on Thursday showed consumer prices fell by 0.8% in January compared with a year earlier, outstripping economists’ expectations and marking the biggest contraction in 15 years. Continue reading…
Source link : https://www.theguardian.com/business/2024/feb/08/china-has-seen-a-fourth-month-of-falling-prices-but-will-it-act-to-curb-deflation
Author : Amy Hawkins Senior China correspondent
Publish date : 2024-02-08 17:01:01
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