China Economy Deflation alleviated， yet demand remains soft
2024-08-12 03:48
12 Aug 2024 CMB International Global Markets | Macro Research | Economic Perspectives China Economy Deflation alleviated, yet demand remains soft CPI growth rebounded and beat market expectations in July as food price notably surged amid supply disruptions caused by high temperature and flooding in some regions. Consumer demand remained soft as core CPI growth declined. Tourism service price sharply rebounded amid vigorous travel demand in the summer holiday, but vehicle and clothing prices continued to dec ...