Chinese economy expected to have slipped into deflation as recovery falters
Some forecasters predict consumer price inflation data due to be released will show prices fell by 0.4% year-on-year in July
The Chinese economy is expected to have slipped into deflation amid signs of a faltering post-pandemic recovery, according to market forecasters.
Chinese consumer price inflation data is due to be released on Wednesday, and a Reuters poll of economists suggests it will show that prices fell by 0.4% year-on-year in July, having been flat on an annual basis in June.
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