China: Deepening Producer Price Slump Amidst Tepid Consumer Inflation

China's industrial sector faces mounting pressure as producer prices plummeted 2.8% in September, marking a two-year downward trend. Meanwhile, consumer price index (CPI) barely inched up by 0.4% year-on-year, highlighting the nation's ongoing struggle with lackluster domestic demand.

The widening gap between producer and consumer prices underscores the complex challenges facing the world's second-largest economy. Analysts point to sluggish consumer spending as a key factor behind this economic conundrum.

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