🚨China in Panic as Deflation Sets In!

In March, China witnessed a deceleration in consumer price growth alongside a widening decline in producer prices, sparking renewed worries about deflationary forces in the world's second-largest economy.

The latest data from the National Bureau of Statistics revealed a modest 0.1% uptick in consumer goods prices compared to the previous year, marking a slowdown from the 0.7% rise observed in February. This reversal came after five consecutive months of contraction, including a particularly sharp decline in January, which was the steepest monthly drop in 14 years.

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