BEIJING – China 's consumer prices barely rose in 2024 while factory-gate prices extended into a second straight year of declines, official data showed on Thursday, weighed by persistently weak domestic demand.A combination of job insecurity, a prolonged housing downturn, debt and tariff threats from the incoming administration of US President-elect Donald Trump has hit demand, even as Beijing ramps up stimulus.The full-year consumer price index rose 0.
The pickup in core consumer prices and the slower pace of factory deflation suggested 'policy stimulus is providing some support to demand and prices,' said Julian Evans-Pritchard, head of China Economics.'But with the prop from stimulus likely to be short-lived, we think underlying inflation will drop back again later this year.
Inflation China Economy Factory Prices Consumer Demand
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China says Philippines has ‘provoked trouble’ in South China Sea with US backing'The Philippine side, with US support and solicitation, has been stirring up trouble in many spots in the South China Sea,' Wu Qian, a spokesperson for China's defense ministry, says on WeChat
Read more »
China: Philippines 'provoked trouble' in South China Sea with US backingLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »
US-China Relations: Challenges for China in the Next Four YearsJoin Rappler editor-at-large Marites Vitug and UP Diliman political science associate professor Jan Robert Go for a discussion on the future of US-China relations under a second Trump administration.
Read more »
China Coast Guard's 'The Monster' Intrusion Raises Tensions in South China SeaThe world's largest coast guard vessel, 'The Monster,' belonging to the China Coast Guard, entered Philippine waters on January 4th, 2024, sailing close to Luzon island. This incursion, monitored by SeaLight, a maritime transparency project, further escalates tensions in the disputed South China Sea. The 12,000-ton vessel, accompanied by other Chinese vessels and militia ships, asserts China's claim of jurisdiction over Scarborough Shoal, a traditional fishing ground for Filipino fishermen.
Read more »
Fossil Fuel Finance Deal Stalls Amidst Trump PresidencyTalks between wealthy nations to limit public support for oil and gas projects have failed, jeopardizing efforts to curb global fossil fuel financing. This setback comes as President-elect Donald Trump, who favors increased domestic oil and gas production, prepares to take office.
Read more »
Bacolod City to Repair Fire-Damaged Market StallsThe city government of Bacolod has allocated funds to repair stalls at the Central Public Market that were destroyed by a fire in December.
Read more »