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Consumer prices in China experienced their sharpest decline in over 14 years in January, driven by the Lunar New Year holiday and the ongoing pandemic. The producer price index also fell sharply, indicating continued weak demand and deflationary pressures in the economy.
Consumer prices in China fell in January at the steepest pace in more than 14 years.
China's automotive exports surged by 51% in January, boosted by strong demand for vehicles as the country's economy continues to recover from the pandemic. The increase in exports indicates a strengthening global appetite for Chinese-made automobiles.
China's automotive exports jumped 51% in January.