China’s industrial prices fall

30/11/2001

China’s national bureau of statistics has announced that ex-factory prices for industrial products in October slid 3.1% year-on-year. Analysts said the figure reinforced their observation that economic vitality is decreasing and measures need to be taken to counter the trend. An interest rate cut is seen as the easiest and most likely option.


Although China's current macroeconomic situation is much better than most of the nations in the world at the moment, the Chinese economy appears to be facing the threat of a slowdown.