China's Economy Hit By Worst Consumer Prices For The First Time In 14 Years

Hong Kong led gains in Asia but remains well down on the year to date owing to worries about China's stuttering economy. Photo: AFP / Bertha WANG (Credit: AFP News)

In January this year, for the first time in more than 14 years, China's consumer prices fell at their steepest pace.

According to official data published by the National Bureau of Statistics, the consumer price index fell by 0.8 per cent in January 2024, compared to that of January 2023.