China consumer spending

For China’s Economy, a Crisis of Confidence

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For China’s Economy, a Crisis of Confidence

Advertisement This year, China confronts the looming shadow of deflation, underscored by significant drops in both the Consumer Price Index (CPI) and the Producer Price Index (PPI). As of July, the statistics indicate a 0.3 percent decrease in the CPI and a pronounced 4.4 percent fall in the PPI. As former Chinese Premier Wen Jiabao … Read more

China Struggles With Weak Post-COVID Economic Recovery

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Advertisement Sales of Yizhuan Automobile Co.’s trash trucks picked up after China ended anti-virus controls in December, but their growth is in low gear as managers struggle to rebuild business lost during the pandemic. China’s economy rebounded at the start of 2023, but after a good first quarter, factory output and consumer spending are weakening. … Read more