Weak China inflation data fuels concern over consumer demand
Weak China inflation data fuels concern over consumer demand
12/4/2024 6:37

China’s consumer prices edged higher in March against a year earlier, missing analysts’ forecasts and underlining the challenges for the world’s second-largest economy as it tries to boost domestic demand.

China’s President Xi Jinping is trying to move the economy away from its debt-stricken real estate sector towards high-end manufacturing in a delicate transition that is leading to tensions with the US and Europe.

Source: Financial Times

Related news

NEWSLETTER