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.
China News: China's economy faces a deep crisis due to a property crisis and mounting local government debt. Stock markets in China and Hong Kong have plummeted a
China suffered direct economic losses of $42 billion over the first nine months of 2023, the government said, from natural disasters such as torrential rains, deadly landslides, freakish hailstorms and a string of typhoons.
China s currency recently fell to its weakest level since November last year, sparking concerns among worldwide experts and investors about the effects this could have on the global economy.