China's economy struggles, slips into deflation as prices drop
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Deflation in China: Why Prices Are Falling and What Beijing Can Do
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For the first time since 2021, both consumer and producer prices have contracted in China, a telltale sign of deflation as demand weakens in the world's second-largest economy. @AnanyaDutta97 tells you more Watch more: wionews.com/videos | WION
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While the rest of the world grapples with inflation, China appears to be sliding into deflation. Consumer prices fell in July and factory-gate prices also extended declines as the world's second-largest economy struggled to revive demand https://reut.rs/441l11l | Reuters
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