National Bureau of Statistics: There is no deflation in the Chinese economy, and prices will gradually return to a reasonable range

Published: Jul 18, 2023 11:48

Source: SMM

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National Bureau of Statistics spokesman Fu Linghui responded to the question about whether there will be deflation in the next stage. He said that there is no deflation in the Chinese economy at present, and there will be no deflation in the next stage. Fu Linghui said that the low level of CPI is the result of the joint influence of international and domestic factors, and it is phased. In the next stage, as my country's economy recovers and the market demand gradually expands, the relationship between supply and demand will gradually improve. The seasonal increase in pork consumption demand in the later stage will also drive up prices. With the gradual elimination of the high base factor in the same period last year, the price will gradually return to a reasonable range.

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National Bureau of Statistics: There is no deflation in the Chinese economy, and prices will gradually return to a reasonable range

Macro economy

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