China's Worsening Deflation Now Spells Big Trouble | FO° Exclusive
China faces severe economic challenges with deflation worsening. Consumer prices dropped by 0.5% year-on-year, the steepest decline in three years. Producer prices are down by 3%, marking a year in negative territory. Systemic weaknesses, exacerbated by the zero-COVID policy, leave China vulnerable, especially with a struggling real estate sector.
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