China's consumer inflation fell to 0.4% in Sep, producer prices dropped 2.8%, prompting Finance Minister Lan Fo'an to hint at more stimulus measures.
China's consumer inflation fell to 0.4% in September, down from 0.6% in August, while producer prices dropped by 2.8%, intensifying deflationary pressures. In response, Finance Minister Lan Fo'an indicated more stimulus measures are forthcoming, though specifics remain unclear. Economists anticipate up to 2 trillion yuan in new fiscal support, aimed at boosting consumption and addressing economic instability, as concerns grow over deflation's impact on the economy.
October 12, 2024
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