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9 Jun 2025

International Economy

China’s inflation in May 2025 remained negative for the fourth consecutive month; the renewed trade war is expected to deepen price pressures (Business Brief No.4161 Full Ed.)

คะแนนเฉลี่ย
  • Despite China’s Golden Week holiday (May 1–5, 2025), the rise in services inflation was not enough to offset downward pressure from falling food and goods prices.
  • China’s inflation is expected to remain low throughout 2025. The positive impact of the “trade-in” program on household spending is waning. Price wars in certain product categories, notably electric vehicles, will continue to push inflation downward. The renewed US-China trade war is likely to further weigh on domestic consumption and product prices.
  • KResearch expects deflation risks to remain a key drag on the Chinese economy throughout 2025.

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International Economy