China's Economy Slips Into Deflation: What Is It And How Will It Impact The World? | ET Now
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China's Economy Slips Into Deflation: What Is It And How Will It Impact The World? | ET Now
The Chinese economy is witnessing a deflation on the back of weakened demand at home and abroad. The consumer price index has dropped 0.3% year on year as per official data. This is the first year on year decline since February 2021. The Producer price index or PII also fell for the 10th consecutive month. It was down 4.4% from one year ago ...
2.1K viewsAug 9, 2023
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