China’s inflation is far lower than the U.S. Why locals still feel price pressures
Written by Black Hot Fire Network on September 14, 2022
More than half of respondents in China said that due to the possibility of a recession, they've gone out less for food and entertainment, an Oliver Wyman survey found.
Noel Celis | Afp | Getty Images
BEIJING — Chinese people say they're increasingly feeling the pinch of rising prices, although official data show inflation running at a far lower pace than in the U.S. and other countries.
That's according to surveys conducted by consulting firm Oliver Wyman and released this month.
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