China's annual consumer inflation accelerated to a 21-month peak in November, mainly driven by food prices, while factory-gate deflation deepened, with underlying trends suggesting domestic demand remains weak and unlikely to recover in the near term.
The $19 trillion economy is on course to meet Beijing's growth target of "around 5%" for the year, buoyed by policy support and resilient goods exports. But economic imbalances have worsened this year as U.S. President Donald Trump's global trade war has added to persistently soft consumer demand, putting the onus on policymakers to step up stimulus measures.
Source : Reuters.com