Retail inflation in China is likely to be lower than expected

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Beijing, Ta. 10 November 2020, Tuesday

In China, factory-gate prices fell more than expected in October and consumer price index-based inflation fell to a 2009 low. The fall in prices and inflation indicates that economic challenges continue in China due to the corona.

The producer price index fell 4.10 percent year-on-year in October, according to a statement from China's National Bureau of Statistics.

Exports and manufacturing activity grew faster than expected, while weaker inflation signaled the opposite. Growth in exports and manufacturing indicates a recovery in China's industrial sector.

China's economic growth is expected to grow modestly by 2030, but it is expected to bounce back in 2021, analysts say. The consumer price index rose half a per cent year-on-year, the slowest improvement since 2008.


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