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11 Dec 2025

International Economy

China’s inflation accelerated in November 2025 due to temporary factors, while deflation risks continue to weigh on its economy (Business Brief No.4223 Full Ed.)

คะแนนเฉลี่ย
  • In November 2025, China’s inflation rose to 0.7 percent YoY from 0.2 percent YoY in October, driven mainly by higher food prices, especially fresh vegetables. 
  • Deflationary pressures in China persist and are expected to continue dampening consumption into next year. 
  • Three key factors to watch: 1) A surge in EV purchases towards the end of 2025 ahead of China’s revised eligibility criteria for EV incentives in 2026, which may depress future demand; 2) The property sector downturn, which remains a major drag on consumer spending; and 3) Ongoing trade tensions.

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International Economy