China inflation slows in July, below forecast
China's consumer price index eased to 0.5% year-on-year in July, coming in below analysts' forecasts. The figure points to weaker-than-expected domestic demand in the world's second-largest economy.
China's consumer price index rose 0.5% year-on-year in July, coming in below what markets had expected. The data suggests demand-side weakness continues to weigh on the country's economy.
Analysts say the soft inflation reading reflects slowing consumer spending and ongoing troubles in the property sector. Some economists believe the figures could push Beijing toward additional stimulus measures in the coming months.
Whether China's central bank will shift toward a looser monetary policy stance is being closely watched. Experts warn that persistently low inflation could deepen deflationary pressures if it continues for an extended period.
Read next
US jobs unexpectedly fall by 23,000 in July as slow summer continues
US employment unexpectedly fell by 23,000 jobs in July, confounding analyst forecasts of a modest increase. The data underscores a labour market that has been losing momentum through a slow summer.
Trump renews push to fire Fed's Lisa Cook, seeking allies on central bank board
US unexpectedly sheds 23,000 jobs in blow to Trump before midterms
Argentina's central bank renews currency swap agreement with China
