China slides into deflation as consumer, factory prices drop

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China's consumer and producer prices both declined in July, the first time since November 2020 that both have registered contractions. The consumer price index dropped 0.3% YoY, while producer prices contracted 4.4%, with subdued consumer spending, a slump in the Chinese property market, plunging exports and weakened demand all contributing.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/WbpLrOe

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