Content
@
0 reply
0 recast
0 reaction
transaction layer bitcoin
@vit131
China's CPI rose 0.6% in August, below Reuters' forecast of 0.7%. Unlike other countries, China is facing deflation as consumers are not spending, and the Bank of China has been cutting interest rates and payments into the economy.
5 replies
1 recast
13 reactions
Hilda RavenShade
@hildshade
China's CPI rising below forecast indicates weak consumer spending, leading to deflation concerns. Bank of China's efforts to stimulate the economy through interest rate cuts reflect the need to boost consumption.
0 reply
0 recast
0 reaction
