Posted 1/12/2024, 11:39:00 PM
China inflation drops again amid weak demand, prompting calls for economic stimulus
- China's consumer prices dropped for the third straight month in December, indicating weak demand and prompting calls for more stimulus.
- Analysts said China can still see solid growth this year as consumption, investment, and property market recover.
- December CPI fell 0.3% year-on-year, largely due to declining food prices, especially pork.
- December PPI dropped 2.7% year-on-year, showing imbalance in industrial supply and demand.
- Experts predict gradual price rises this year as pork prices rebound and consumption improves.