Part 4/9:
The decline in CPI, which reached a worrying negative 0.8%, was heavily influenced by falling food prices, particularly pork, which saw a substantial drop of 20% year-on-year. Pork, a staple in Chinese diets, holds significant weight in the CPI basket, especially with the Lunar New Year approaching. While lower pork prices may seem advantageous to consumers, it becomes problematic when viewed through the lens of China's economic environment.