China’s consumer prices rose slightly in March compared to the previous year but didn’t meet economists’ expectations, revealing ongoing challenges in stimulating domestic demand for the world’s No. 2 economy. The spectre of deflation seems to be gradually receding, but the persistent property crisis continues to cast a shadow over consumer and business confidence.
Official data released on Thursday revealed that China’s consumer price index in March showed a mere 0.1 per cent increase compared to the previous…ING Chief Economist Calls for Further Rate Cuts in China
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