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China tips into deflation as efforts to stoke recovery falter

Por: New York Post Business August 10, 2023

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China’s consumer sector fell into deflation and factory-gate prices extended declines in July, as the world’s second-largest economy struggled to revive demand and pressure mounted on Beijing to release more direct policy stimulus. Anxiety is rising that China is entering an era of much slower economic growth akin to the period of Japan’s “lost decades,” which saw consumer prices and wages stagnate for a generation, a stark contrast to... + full article



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