“If you want to use any term, ‘disinflation’ would be my preference, but what we are seeing today is mainly the result of a supply excess, rather than a collapse in demand,” he said. “What China has right now, is a low rate of underlying inflation, which reflects the fact that domestic demand is fairly weak,” Robert Carnell of ING Economics said in a report. futures slipped and oil prices edged higher.Ĭhina reported that its consumer prices fell 0.2% from a year earlier in October while factory-gate prices declined 2.6%, suggesting demand remains slack as the economy struggles to recover from the economic disruptions of the pandemic.įalling prices have raised worries that China may fall into a bout of deflation, or chronically lower prices, but some analysts say much of the weakness recently is due to a decline in the cost of pork, a staple item for Chinese. ![]() ![]() Stock prices fell in Hong Kong, Taiwan and Bangkok and rose in Tokyo, Seoul and Shanghai. BANGKOK (AP) - Shares meandered in Asia on Thursday after a another mixed close on Wall Street where benchmarks have been recalibrating following recent big swings.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |