More trouble for China's economy
Edited By WION Video Desk
Published: Aug 09, 2023, 04:45 IST | Updated: Aug 09, 2023, 04:45 IST
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For the first time since 2021, both consumer and producer prices have contracted in China, a telltale sign of deflation as demand weakens in the world's second-largest economy. Producer prices fell for a 10th consecutive month, contracting 4.4% in July from a year earlier, slightly worse than expected.
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