China’s economy slips into deflation as consumer prices decline in post-COVID recovery period

Chinese economy has slipped into deflation as consumer prices declined in the last months, the first time in two years. The weak import and export data indicate a decline in the country’s post-COVID-19 recovery.Chinese economy has slipped into deflation as consumer prices declined in the last months, the first time in two years. The weak import and export data indicate a decline in the country’s post-COVID-19 recovery.

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