Business丨Tepid prices spur call for demand uptick

文章预览

China's consumer inflation slowed further in December, reflecting persistently lackluster demand and reinforcing calls by economists for stepped-up countercyclical adjustments to boost domestic demand and stimulate consumption. Economists anticipate China's consumer prices to rise modestly in 2025, driven by targeted measures aimed at spurring consumption and a package of incremental policies taking effect gradually. Meanwhile, they still expect the largest single-year rate cut since 2015 this year, which will help consolidate the ongoing recovery in demand. Data from the National Bureau of Statistics showed on Thursday that the country's consumer price index, a main gauge of inflation, rose by 0.1 percent year-on-year in December after a 0.2 percent rise in November. ▲ Shoppers seen at a supermarket in Zaozhuang, Shandong province. Sun Zhongzhe/For China Daily Wang Qing, chief macroeconomic analyst at Golden Credit Rating International, attributed the slower CPI growth to factors ………………………………