BEIJING: China's consumer inflation slowed in December, leading to modest annual price gains for 2024 while factory-gate deflation extended into a second year, amid sputtering economic demand.
A combination of job insecurity, a prolonged housing downturn, high debt and tariffs threats from the incoming administration of U.S. President-elect Donald Trump has hit demand, even as Beijing ramps up stimulus to revive its consumer sector.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Thank you for your report!
