China consumer prices rise slower in October; Cartier profit sinks as China sales slump
Shanghai (AFP) Nov 9, 2024
China's consumer inflation rate slowed in October, official data showed Saturday, in a sign that demand remains sluggish in the world's number two economy. The slowdown comes as authorities have been seeking to boost domestic activity as a property crisis weighs on confidence. The consumer price index (CPI), a key measure of inflation, rose 0.3 percent year-on-year in October, down from
China's consumer inflation rate slowed in October, official data showed Saturday, in a sign that demand remains sluggish in the world's number two economy. The slowdown comes as authorities have been seeking to boost domestic activity as a property crisis weighs on confidence. The consumer price index (CPI), a key measure of inflation, rose 0.3 percent year-on-year in October, down from