China's July consumer prices jump faster than expected, producer deflation persists


Chinese customers walk in the rain with their umbrella at a shopping mall in Beijing. - AP

BEIJING: China's consumer prices rose at a faster-than-expected rate in July, while producer deflation persisted, as Beijing ramps up support for its frail consumer sector in the face of a sputtering economic recovery.

The data comes in the wake of shrinking manufacturing activity and raised concerns about the outlook for exports at a time of soft domestic demand that has hobbled the world's second-biggest economy.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
China , consumer price index , CPI , PPI ,

Next In Business News

Apex Healthcare takeover becomes unconditional
Citaglobal wins two infrastructure projects totalling RM82.7mil
Ringgit ends lower amid profit-taking, lack of fresh market catalysts
MN Holdings wins RM177mil contract from TNB
AmanahRaya REIT completes RM390mil issuance under RM2bil MTN programme
Greenyield appoints Tham Kin Shun as acting MD
AME Elite to sell Johor industrial properties to CapitaLand Malaysia Trust for RM220.8mil
Kim Loong to acquire 75% stake in Kim Loong Mills Sarawak for RM10mil
George Kent wins RM34.5mil contract from Prasarana
FBM KLCI ends at intraday high, marks 16-month high

Others Also Read