China’s annual consumer price inflation rate is expected to have slowed to less than 1 per cent in October for the first time in more than three-and-a-half years, thanks to the continued moderation in pork prices combined with protracted weak consumer demand in the wake of the coronavirus pandemic.Amid a continued drop in price pressures in the current economic recovery, some economists have warned of rising risks of deflation – a sustained drop in consumer prices – unless Beijing maintains a…



READ SOURCE

READ  Homebuilder sentiment posts biggest monthly surge ever, a sign housing is rebounding from coronavirus

LEAVE A REPLY

Please enter your comment!
Please enter your name here