China’s factory gate price deflation worsened in June, largely due to US President Donald Trump’s trade war, with producer prices dropping 3.6% year-on-year, exceeding forecasts. Meanwhile, consumer prices saw a slight increase of 0.1% as Beijing attempts to boost domestic consumption amid ongoing industrial oversupply and a struggling property sector.
Explain It To Me Like I’m 5: China’s factories are making less money because of trade problems, but people are starting to pay a little more for things they buy.
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