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18 April 2024

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China's economy under pressure as inflation drops at fastest pace in 14 years

08-02-2024 12:55 PM


Ammon News - China’s consumer prices fell last month at the fastest pace since the global financial crisis, piling pressure on the government to step-up support for a stumbling economic rebound that’s roiling markets.

The consumer price index dropped 0.8% in January from a year ago, the National Bureau of Statistics said Thursday, the weakest since September 2009. The drop was worse than economists’ expectations for a 0.5% decline.


Bloomberg




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