China deflation accelerated in November: official data

China deflation accelerated in November: official data

BEIJING: Deflation in China accelerated in November, official data showed Saturday, underlining the difficulties the world second-largest economy faces in reviving slowing demand.
The figures came after President Xi Jinping said Friday that the Asian giant post-pandemic recovery was "still at a critical stage" and warned of "increasing adverse factors in the international political and economic environment".
The consumer price index, the main gauge of inflation, fell 0.5 percent year-on-year, according to the National Bureau of Statistics (NBS).