Beijing: Due to the outbreak of the Corona virus, retail inflation in China is reaching the top of eight years. At the same time, according to official figures, the retail inflation rate in China has been 5.4 percent last month. Where it was 4.5% in December 2019, a month ago. Inflation has gone higher than expected due to virus. What is worrying for China is that even before the coronavirus came out, it was facing an economic slowdown. Now Corona has become a new challenge for him.

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According to the data, food prices have increased by 20.6 percent in the reporting period. According to the Bloomberg survey, inflation has increased by 4.9 percent overall, which is the highest since October 2011. But due to Corona, nearly 900 people have died in China so far. According to experts, supply is getting affected due to the lockdown. Especially foods like fruits and vegetables are getting spoiled before reaching the big cities. Inflation is increasing due to this. Apart from this, people worried about the adverse situation have started collecting things. This is also disrupting their supply and increasing inflation.

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A businessmen in China have been badly affected by the Coronavirus. Those who earn a living by running small restaurants and guesthouses are facing difficulties. Due to fear of the virus, people have left their homes, due to which their business has come to a standstill. The condition of the tourism sector is also poor. Public traffic like bus, train have also been badly affected. Super markets are struggling to sell goods.

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