China's Inflation Rebound, Producer Prices Fall

Chinas consumer prices saw a slight uptick in October, easing deflation concerns, while producer prices continued their downward trend, indicating weak demand and excess production capacity. The governments efforts to boost domestic spending and increased demand from holidays contributed to the consumer price rise, but experts warn of continued overproduction and competition, potentially keeping pressure on prices. Meanwhile, Chinas manufacturing activity declined, adding to the economic challenges posed by weak consumer confidence and trade tensions.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.