Data from the National Bureau of Statistics showed that the annual consumer price index, which measures inflation, rose to 0.2% in November from 0.3% in October, missing expectations of a 0.4% rise, its lowest reading in five months, while the index fell 0.6% on a monthly basis, compared to a 0.3% decline in October.
In contrast, China’s producer price index (PPI) fell to 2.5%, compared to a 2.9% decline in October, while expectations indicated a decline to 2.8%.
In related news, the Chinese government pledged to take proactive fiscal measures and follow a moderate and more flexible monetary policy next year to boost domestic consumption and ensure the stability of financial and real estate markets, while criticizing threats to impose higher customs tariffs on Chinese exports.
23/12/2024
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