China's consumer prices rise 0.2% in November as economic challenges persist

cnbc.com

China's consumer prices increased by only 0.2% in November, falling short of the expected 0.5% rise. This marks a continuation of low inflation amid ongoing economic challenges, including sluggish domestic demand and a declining producer price index. The producer price index fell by 2.5% year-on-year, less than the anticipated 2.8% drop. Despite government stimulus efforts, including interest rate cuts, deflationary pressures persist, particularly in the context of the ongoing trade war with the U.S. While some sectors, like retail sales and manufacturing, show signs of recovery, Fitch Ratings has lowered its GDP growth forecast for China in 2025 and 2026. The annual Central Economic Work Conference is set to begin Wednesday to discuss future economic strategies.


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