Drought and high temperatures, alongside a global reliance on supplies from relatively few regions, are regarded as the key drivers for the dramatic price rise.
Despite a flurry of stimulus measures, recent economic indicators have showed the world’s second-largest economy is still struggling with deflationary pressures.
A perfect storm of challenges for the European automobile industry shows no sign of letting up, analysts say.
Export has been a rare bright spot as the world’s second largest economy contends with lackluster domestic consumption and a prolonged housing downturn.
China’s consumer prices rose less-than-expected in November, climbing 0.2% from a year ago, according to data from the National Bureau of Statistics released Monday.
The motion, tabled by opposition politicians, needed the support of two-thirds of South Korea’s 300-member National Assembly to pass.
Members of Congress had raised national security concerns about TikTok due to its ownership by ByteDance, which is based in China.
The Reserve Bank of India has held interest rate steady since February last year, while a sharper-than-anticipated slowdown in India’s growth has made RBI’s task tougher.
South Korean President Yoon Suk Yeol is facing impeachment by parliament after he declared martial law only to revoke it 6 hours later amid immense backlash.
The announcement came shortly after the BOK held an emergency board meeting.