October Numbers Reinforce China’s Disinflationary Pressure

October Numbers Reinforce China’s Disinflationary Pressure
Workers sort out packages at a delivery company a day after Singles' Day—the world's biggest 24-hour shopping event—in Hengyang, in China's central Hunan Province, on Nov. 12, 2019. STR/AFP via Getty Images
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News Analysis

China edged back into disinflation in October as consumer demand continued to weaken and producer prices fell, highlighting the persistence of disinflationary pressures and shaky recovery while policymakers struggled to reignite growth in the world’s second-largest economy.