household spending – Charm

China Consumer Inflation Picks Up as Holiday Boosts Spending

(Bloomberg) — China’s consumer inflation accelerated for the first time since August, caused by a burst of household spending around the Lunar New Year holiday even as deflationary pressures persist. Most Read from Bloomberg The consumer price index rose 0.5% in January from a year earlier, the National Bureau of Statistics said Sunday, compared with…

China Opens Up Stimulus Flood Gates

Cs news7 months ago08 mins

(Bloomberg) — China’s policymakers uncorked sweeping stimulus measures aimed at bolstering demand and keeping the world’s second-largest economy from slipping into a deflationary spiral. Most Read from Bloomberg The People’s Bank of China slashed interest rates on one-year loans and eased rules on purchases of second homes. The government also issued cash handouts and floated…