China’s economy threw **mixed signals** in April as consumer prices clawed back from a dip while factory-gate prices sank deeper. Let’s unpack the numbers—and what they mean for global markets. 🌏📊
CPI Bounces Back
After a 0.4% monthly drop in March, the Consumer Price Index (CPI) inched up 0.1% in April. Year-on-year, though, prices still dipped 0.1%. So what gives? The National Bureau of Statistics (NBS) flagged ‘external influences’ like import costs squeezing certain sectors. Think: rising global energy prices trickling into local markets. ⚡
Factory Gate Pressure
Producer prices continued their slide, with the Producer Price Index (PPI) dropping 2.7% year-on-year—the steepest fall since late 2023. Analysts say weak domestic demand and cheaper raw materials abroad are keeping the pressure on manufacturers. 📉
‘Solid Fundamentals’ 🛡️
NBS chief statistician Dong Lijuan stressed China’s economy remains ‘resilient’, backed by policy coordination and high-quality development. Some sectors, she hinted, are already seeing ‘positive price momentum’. Translation? Don’t hit the panic button yet.
Why Young Readers Should Care
Whether you’re tracking investments (💰), planning a business, or just curious how global inflation trends affect your TikTok shopping spree—China’s price swings ripple worldwide. Stay tuned as policymakers juggle growth and stability!
Reference(s):
China's consumer inflation rebounds, PPI decline deepens in April
cgtn.com