China Faces Deflation Amidst Falling Consumer Prices: Signs of Economic Slowdown Emerge
In a concerning turn of events, China’s economy has slipped into deflation, marked by a drop in consumer prices for the first time in over two years, pointing to weakening demand. The country’s Consumer Price Index (CPI) recorded a 0.3% decline in July compared to the previous year, a trend not seen since February 2021.…