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Deflation: Why falling prices in China raise concerns

2023-08-09 07:14
The world's second largest economy has slipped into deflation for the first time in more than two years.
Deflation: Why falling prices in China raise concerns

China's economy has slipped into deflation as consumer prices declined in July for the first time in more than two years.

The official consumer price index, a measure of inflation, fell by 0.3% last month from a year earlier.

Analysts said this increases pressure on the government to revive...