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Deflation in China
China's economy struggles with falling prices, as the main inflation measure turns negative for the first time since the pandemic.
It's often said that if America sneezes, the world catches a cold. That now must be true of China - the worlds second largest economy.
China's economy is struggling with falling prices - or deflation.
The main inflation measure has turned negative for the first time since the pandemic.
(Photo: People cross a street in the central business district of Beijing, China, 09 August 2023. Credit: MARK R CRISTINO/EPA-EFE/REX/Shutterstock)
Last on
Wed 9 Aug 2023
14:32GMT
91热爆 World Service
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- Wed 9 Aug 2023 14:32GMT91热爆 World Service