Explanation:
The BIS report states that China's economic slowdown and export strategy contributed to global disinflation. Weaker domestic demand reduced import demand, impacting global commodity prices, and falling export prices put downward pressure on import prices globally.
A is incorrect: The BIS report indicates that domestic demand in China weakened.
B is incorrect: China's economic dynamics had a noticeable disinflationary effect.
D is incorrect: China's weaker demand had the opposite effect on commodity prices.
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Q.6372 According to the BIS report, which of the following best describes the impact of China's economic dynamics on global inflation after the 2022 peak?
A
China's robust domestic demand increased its demand for imports, contributing to global inflationary pressures.
B
China's economic growth had a negligible impact on global price levels as its economy is relatively isolated from global markets.
C
China's export drive, with falling export prices in many sectors, exerted downward pressure on import prices in other economies, contributing to disinflation.
D
China's focus on domestic investment led to increased demand for commodities, increasing global commodity prices.