Shoppers are hopping across the border, where prices have dropped. Neighboring Asian countries could also be hit if Chinese companies dump their goods there among weak domestic demand.
China’s longer-term benchmark lending rate was lowered this month after the central bank held its policy rates steady, according to data released by the People’s Bank of China.
According to official data published by the National Bureau of Statistics, China s consumer price index fell by 0.8 per cent in January 2024, compared to that of January 2023.