Posted 12/9/2023, 9:09:00 PM
China Prices Continue Downward Slide as Economic Recovery Falters
- China's consumer prices fell 0.5% in November from a year earlier, extending declines
- Factory-gate deflation deepened in November, with producer prices falling 3.0%
- Persistent weakness in demand casts doubt on sustainability of China's economic recovery
- China faces multiple economic headwinds like local debt, housing market issues, weak demand
- Markets await potential new stimulus measures from government's annual conference