Jakarta, Klinik Farma- The Bad News China’s economy continues to be of concern as the world’s second-largest economy. After the collapse in trade data, China reported that the consumer price index (CPI) experienced deflation in July 2023.
A number of Chinese economic indicators are under pressure, as these 5 things show. Since the Consumer Price Index (CPI) decline or 0.3% YoY deflation in July 2023, the Producer Price Index (PPI) has also experienced a 4.4% YoY deflation.
In addition, China’s Caixin manufacturing PMI fell to 49.2 in July 2023, indicating that China’s manufacturing activity is in a contraction phase. Retail sales in China also fell sharply to 3.1% year-on-year in June 2023, while China’s export figures declined 14.5% (year-on-year) in July year-on-year to US$281.76 billion.
Klinik Farma editor Lucky Leonard said that the strong trade partnership between RI and China has made Indonesia aware of the impact of Chinese pressure on the Indonesian economy.
Then what is the Klinik Farma editorial about the Chinese economy in Indonesia? For more details, see Safrina Nasution’s dialogue with Klinik Farma editor Lucky Leonard and Pratama Gitarra at Squawk Box, CNBC Indonesia (Friday, 08/11/2023)
