China's August core inflation rate hits three-year low, raising concerns for economic growth target.

China's core inflation rate fell to its lowest in over three years in August, with the core consumer price index rising just 0.3% and the overall CPI increasing 0.6%. This weak demand raises concerns about meeting the annual growth target of around 5%. Persistent deflationary pressures are evident, particularly in sectors like electric vehicles. Analysts expect the People's Bank of China to implement measures to stimulate consumer spending and support the economy.

September 09, 2024
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