1 month ago
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China's factory prices fall as manufacturing struggles to recoverChina's January factory gate prices fell more than economists expected, suggesting that flashes of domestic demand that had stoked consumer prices after the zero-COVID policy ended are not yet strong enough to rekindle upstream sectors. , article with image View 2 more stories Economists expect the cost of living in China will pick up over the coming months now that its zero-COVID policy has been abandoned. Policy insiders expect China to stick to an inflation target of around 3% this year, the same as last year.Reuters Graphics Analysts expect that inflation will remain well behind the high rates seen in Western countries and have forecast monetary easing is more likely than tightening. 4 billion people, after economic growth in 2022 slumped to in nearly half a century. (This story has been refiled to fix name of the economist in paragraph 10) Reporting by Joe Cash; Editing by Jacqueline Wong and Jamie Freed Our Standards:.
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