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China-Philippines gambling crackdown, TCM training scheme: SCMP daily catch-up
From heads rolling over Zhuhai car attack to China’s Politburo promising ‘proactive measures’, here’s a round-up from today’s China and economy coverage
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1. Deflationary pressure persists as China’s consumer inflation hits 5-month low
Consumer price growth in China missed expectations in November, hitting a five-month low, reflecting persistent economic weakness despite recent monetary policy easing.
2. Zhuhai car attack: senior heads roll in south China city where dozens died
Government and public security heads in Zhuhai, southern China, have been replaced, as part of a sidelining of officials deemed responsible for last month’s car attack that killed at least 35 people and shocked the nation.
3. China’s Politburo promises ‘proactive measures’ to bolster demand in 2025
The integrated development of technology and industry will be supported and the property and stock markets will be stabilised, according to the official Xinhua News Agency.
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