Day: August 11, 2023

News

Deflation Engulfs Chinese Economy Amidst Stalled Recovery and Dwindling Demand

China’s economic landscape has succumbed to deflationary pressures as recent official data reveals a year-on-year drop in consumer prices last month, marking the first such occurrence in over two years. This downturn can be attributed to a deceleration in domestic expenditures, casting a shadow over China’s post-Covid economic revival. According to the National Bureau of […]

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