While many central banks around the world are still trying to cool inflation, China is grappling with falling prices.
The Consumer Price Index (CPI) dropped 0.5% in November on an annual basis, the biggest fall since the depths of the pandemic three years ago, according to data released by China’s National Bureau of Statistics on Saturday.
The drop marked an acceleration in the rate of deflation from October, when the CPI fell 0.2% from a year earlier, and prompted calls for urgent action from Beijing to boost demand and prevent a downward spiral of prices.
The data come days after Chinese policymakers vowed to strengthen fiscal and monetary support to boost the world’s second biggest economy, which is struggling with a real-estate crisis, high youth unemployment and subdued consumer confidence.
Buy crappy Made in China stuff. I personally buy higher quality because it lasts longer. It’s far more expensive but lasts a lifetime. For example, you can buy living room furniture for $3000 and it lasts five years, or spend $8000 and it lasts 40 years.
Doesn’t matter both are made In China.
My future was made in Wisconsin.
ashley. spend the $8000 and get the five years of use.
Lol. Trash furniture is made at Ashley.
deleted by creator