Published 3 days ago • loading... • Updated 22 hours ago

China Faces Deflation as Consumer Prices Drop Sharply

China's consumer price index fell by 0.7% in February, marking the first contraction since January 2024, as reported by the National Bureau of Statistics.
The government aims for a GDP growth target of around 5% and reduced the inflation target to 2%, the lowest in over two decades.
The producer price index decreased by 2.2% in February, the smallest decline in six months, as noted by the National Bureau of Statistics.
Weak household demand and deflationary pressures are impacting China's economy, as noted by Zhiwei Zhang, president of Pinpoint Asset Management.

Insights by Ground AI

Does this summary seem wrong?

165 Articles

All

Left

Center

Right

Nikkei

China does not realize the dangers of deflation

TOKYO -- I confess that when starting out as an economic journalist in the 1990s, I did not understand why deflation was bad. Japan's bubble economy h

2 days ago·Japan

Read Full Article

Inquirer

Consumer prices fell in China in February

BEIJING — Consumer prices fell in China in February for the first time in 13 months, as persistent weak demand was compounded by the early timing of the Lunar New Year holiday. The National Bureau of Statistics said Sunday that the consumer price index dropped 0.7% in February compared with a year ago. On a

2 days ago·Manila, Philippines

Read Full Article

Business Live

Deflation rises as Chinese consumers turn to discount stores

One shop holds flash sales four times a day for citizens grappling with uncertainty about jobs and incomes

2 days ago·Johannesburg, South Africa

Read Full Article

NHK World

China consumer prices post first drop in 13 months

China's consumer prices in February fell for the first time in 13 months. The drop adds to concern about deflation as declines were seen for a broad variety of products.

2 days ago·Tokyo, Japan

Read Full Article

The Rio Times

China's Deflationary Spiral Deepens as Economic Troubles Mount

According to data released by China’s National Bureau of Statistics, China’s Consumer Price Index fell 0.7% in February compared to last year, exceeding market expectations of a 0.5% decline. The Producer Price Index dropped even more sharply, sliding 2.2% year-on-year and worsening the country’s deflationary trend. Food prices tumbled 3.3% from February 2024 levels, while […]

2 days ago·Brazil

Read Full Article

KAVU

+4 Reposted by 4 other sources

China's deflation problems worsen

Consumer prices in China have fallen to their lowest level in more than a year, highlighting persistent deflationary pressures in the world's second-largest economy.

2 days ago

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year