Washington Post (December 10)
“China’s consumer prices fell the fastest in three years in November while factory-gate deflation deepened, indicating rising deflationary pressures as weak domestic demand casts doubt over the economic recovery.” Year on year and month on month, CPI fell a worse than expected 0.5%. “The year-on-year CPI decline was the steepest since November 2020.”
Tags: China, CPI, Deepened, Deflation, Domestic demand, Doubt, Economic recovery, Factory-gate, Fell, November, Pressures, Steepest, Weak, Worse
Bloomberg (November 16)
In China, “home prices fell the most in eight years in October, signaling the property slump is worsening even after the government ramped up efforts to revive demand.” Prices of new homes (non-state subsidized) in 70 cities “declined 0.38% last month from September, when they dropped 0.3%, National Bureau of Statistics figures showed Thursday. The decrease was the steepest since February 2015.”
Tags: Steepest
