China's inflation eased to a seven-month low in October, signaling subdued price pressure in the fourth quarter and providing room for macroeconomic policies to beef up support for domestic demand, experts said on Wednesday.
Consumers are looking for bargains at more platforms for this year's Singles Day shopping spree, as 69 percent of the 3,000 consumers surveyed by market consultancy Bain &Company said they plan to shop at three or more platforms, according to the research firm's report released on Tuesday.
Since the beginning of this year, the market price of consumer electronics control chips has continued to decline from three to double digits. But insiders believe it will not trigger a wide-ranging price reduction for new energy vehicles (NEVs).
China's non-manufacturing activities continued to recover in July amid government efforts to spur consumption, official data showed Sunday.
Visitors watch an electric car at the second China International Consumer Products Expo (CICPE) in Haikou, south China's Hainan Province, July 28, 2022.