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International Business Times
International Business Times
Business

China's Snaps 4-month Consumer Decline But Factory Price Deflation Deepens

Consumer prices in China rose slightly in June after four months of declines but factory gate prices fell (Credit: AFP)

Consumer prices in China rose slightly in June, official data showed on Wednesday, snapping a four-month decline even as factory gate prices were bruised by a fierce trade war with Washington.

Chinese officials have been trying to revive sluggish domestic spending since the end of the Covid-19 pandemic, with the government's official growth target at risk.

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