China's CPI rises to 0.6% due to weather disruption, PPI stuck in deflation

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China's CPI rises to 0.6% due to weather disruption, PPI stuck in deflation - Business Standard

Quick Summary:

Faltering economic activity has prompted global brokerages to scale back their China 2024 growth forecasts to below the official target of around 5%.

A sputtering start in the second half is mounting pressure on the world's second-largest economy to roll out more policies amid a prolonged housing downturn, persistent joblessness, debt woes and rising trade tensions.

In unusually strong comments, China's ex-central bank governor Yi Gang urged efforts to fight deflationary pressure at the Bund Summit in Shanghai last week.