China's Economy Struggles Gain Momentum: Inflation and Factory Prices Disappoint China’s June economic data reveals persistent weak demand despite government efforts to boost consumption. Consumer inflation rose marginally by 0.2% year-on-year, falling short of expectations, while factory-gate prices continued their 21-month deflation streak, declining by 0.8%. These figures underscore the ongoing challenges in China’s economic recovery, particularly in the property sector and domestic consumption. Despite initiatives to stimulate spending, consumers remain cautious, as evidenced by declining car sales. Economists suggest that more aggressive fiscal and monetary policies may be necessary to drive a meaningful recovery, with some speculating that potential U.S. Federal Reserve rate cuts could provide room for China to implement its own monetary easing measures. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts American Wallets Fight Back: How Consumer Resistance is Curbing Inflation READ MORE How & Where to Buy Silver Coins [2024 Buyers Guide] READ MORE Retaliation Promised: Biden's Response to Drone Attack in Jordan READ MORE ING: What’s Next for Gold? READ MORE Poland’s Central Bank ramps up Gold Purchases during July, and now holds 300 tonnes of Gold READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment