China slid into deflation in July, adding pressure on policymakers to step up monetary and fiscal support even as signs that the decline in prices is temporary may limit any stimulus. The consumer price index dropped 0.3% last month from a year earlier, the National Bureau of Statistics said Wednesday, marking its first decline since February 2021.
Similar Stories to China Slides Into Deflation As Consumer And Factory Prices Drop on Bing News
Bloomberg, Time: Business
Wed, 08/09/2023 - 3:24am
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BING NEWS:
- China’s Industrial Profits Extend Fall on Deflation Woes
China’s industrial firms saw profits decline for the third straight month, as worsening producer price deflation and sluggish factory output overshadowed the impact of recent stimulus measures.
11/26/2024 - 12:33 pm | View Link - China Price Growth Stays Near Zero as Deflation Persists
China’s consumer ... while factory-gate prices continued falling, suggesting the government’s latest round of stimulus is far from sufficient to free the economy from the grip of deflation.
11/8/2024 - 11:00 am | View Link - More
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