China's Deflation Deepens as Consumer Prices Plummet

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Source: Financial Times
TL;DR Summary

China's deflation is worsening as economic pressures mount, with the country experiencing a decline in consumer prices for the first time in over a decade. The deflationary trend is attributed to weak demand, excess capacity, and falling commodity prices, further exacerbating concerns about China's economic slowdown and the potential for a prolonged period of deflation.

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