Soft demand lowers China's producer prices and consumer inflation.

China's factory-gate prices fell for a second month in November, but consumer inflation slowed, reflecting poor activity and tepid demand in a pandemic-slowed economy.

Analysts anticipate the government to maintain rates low and create confidence.

According to Friday's National Bureau of Statistics (NBS) data, the producer price index (PPI) was down 1.3% from a year earlier. Reuters had predicted a 1.4% drop.

The November CPI grew 1.6% from a year earlier, slower than October's 2.1% annual growth but in line with a Reuters survey.

"These figures show economic momentum (continues) to decline," said Pinpoint Asset Management's Zhiwei Zhang.

In 2023, the government will focus on stabilizing growth, boosting domestic demand, and opening up to the globe, according to a Politburo meeting on Tuesday.

Zhang said the government would take further steps to boost the economy despite easing pandemic controls last week.

"The Politburo highlighted low confidence as an economic problem," he stated. I expect the government to do more to enhance market and household confidence; the speedy reopening suggests urgency.

The world's second-largest economy has slowed this year because to COVID-19 limitations and weak global demand.

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