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China consumer prices drop more than expected in September, staying in deflationary territory
China's consumer price index fell 0.3% year on year in September due to weak demand and oversupply despite government efforts to stabilize prices, data showed.
- On Wednesday, China's National Bureau of Statistics said the CPI fell 0.3% last month, exceeding expectations.
- Weak domestic demand and oversupply have driven persistent deflation in China, compounded by a housing market crash and a tail effect from a higher base last year, Dong Lijuan said.
- Nine straight quarters of price declines underscore a prolonged mismatch between supply and demand, with the GDP deflator falling over two years and Citigroup Inc. estimating minus 1.3% in Q3.
- Market reaction was muted as the CSI 300 Index rose slightly and a slight narrowing in factory-gate prices hinted Beijing's efforts may be making ground.
- China is due to release third-quarter activity data on Oct. 20, with a strong first-half showing likely keeping Beijing on track for its official growth target of around 5%, while fresh stimulus is probably off the agenda later this month.
66 Articles
66 Articles
China's consumer spending prices fell again last month
China's consumer prices continued to fall last month, with official data highlighting the battle leaders face in trying to kickstart domestic spending in the world's number two economy while fighting a trade war with the US.
InsideNoVA.com
China consumer spending falls as pressure on economy builds
China's consumer prices continued to fall last month, with official data highlighting the battle leaders face in trying to kickstart domestic spending in the world's number two economy while fighting a trade war with the United States.
China Consumer Spending Falls As Pressure On Economy Builds
China's consumer prices continued to fall last month, with official data highlighting the battle leaders face in trying to kickstart domestic spending in the world's number two economy while fighting a trade war with the United States.
Deflationary pressures persist in China on weak demand
BEIJING: Deflationary pressures persisted in China, with both consumer and producer prices falling in September, official data showed on Wednesday, as a prolonged property market downturn and trade tensions weighed on consumer and business confidence.
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