What China’s Persistent Deflation Means for the World
Bloomberg reports that China’s spiral into deflation is proving hard to fix.
Prices in the world’s second-biggest economy have fallen for six consecutive quarters, and if they fall for one more quarter, the run would equal a record deflationary streak set in the Asian Financial Crisis in the late 1990s. Policymakers have pledged to do more to shore up growth and ease price declines, using some of their most direct language in... ...
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