The Chinese mainland saw a slight rebound in consumer prices in April, with the consumer price index (CPI) rising by 0.1% month-on-month after a 0.4% drop in March. However, factory-gate prices continue to fall as the producer price index (PPI) dropped 0.4% monthly and deepened to a 2.7% year-on-year decline.
Dong Lijuan, chief statistician at the National Bureau of Statistics, explained that external influences on imported goods are putting pressure on prices in various industries. Despite these challenges, Dong stressed that the Chinese mainland's economic fundamentals remain solid, bolstered by coordinated macroeconomic policies and steady progress in high-quality development. Some sectors are even showing early signs of positive momentum. 😊
This evolving economic picture offers valuable insights for young entrepreneurs, students, and curious minds eager to understand global market trends. As the data unfolds, monitoring these shifts will be key to forecasting the dynamic path ahead.
Reference(s):
China's consumer inflation rebounds, PPI decline deepens in April
cgtn.com
