December’s 0.9 per cent rise in producer prices was well below the expected 1.6 per cent rise. Photo: Xinhua
Trade war: Chinese factory prices ease sharply in December raising threat of deflation
- Factory price index falls for sixth month in a row to lowest level in 2½ years and well below expected level
- Deceleration reflects weakening demand as the trade war with the United States has forced many to cut prices to sell their goods
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China economy
December’s 0.9 per cent rise in producer prices was well below the expected 1.6 per cent rise. Photo: Xinhua