China inflation ticks up but deflationary pressures linger
Consumer prices in China unexpectedly rose last month, new data showed Sunday, a sign that deflationary pressures on the world’s second-largest economy may be easing. The Golden Week holiday in October contributed to the 0.2% year-on-year rise, the first positive reading since June, analysts said. Chinese policymakers have prioritized fighting “involution,” a term that refers…