18-July-2024
Economy News
 
China's June consumer inflation misses expectations amid weak demand
10-Jul-2024

China's consumer prices grew for a fifth month in June but missed expectations, while producer price deflation persisted, with domestic demand mired on a slow recovery track despite support measures for the world's second-largest economy. Beijing has sought to revive consumption after a stuttering post-Covid recovery, but concerns are lingering over more fundamental issues including a protracted housing downturn and job insecurity. That has dented consumer and industrial activity and reinforced calls for more effective policies.

News Source:- https://www.business-standard.com/world-news/china-s-june-consumer-inflation-misses-expectations-amid-weak-demand-124071000227_1.html