Urgent Economic Threat: China’s Deflationary Spiral Deepens as Consumer Inflation Weakens in September

China is facing increasing deflationary pressures as the country’s consumer inflation unexpectedly cooled in September, while producer price deflation deepened significantly. This trend is raising alarm bells for the world’s second-largest economy, putting pressure on the Chinese government to introduce more substantial stimulus measures to restore domestic demand and stabilize shaky economic growth. In a … Read more

Vietnam’s 2024 GDP Forecast May Drop by 0.15% Due to Typhoon Yagi

HANOI, Sept 15 – Vietnam’s economic outlook for 2024 is experiencing a notable downward revision of approximately 0.15% due to the severe impacts of Typhoon Yagi, the most formidable storm to hit Asia this year. Nguyen Chi Dung, the Planning and Investment Minister, revealed that this adjustment is essential to reflect the extensive damage caused … Read more