This is a China news story, published by The Edge Malaysia.
For more China news, you can click here:
more China newsFor more Asia business & economics news, you can click here:
more Asia business & economics newsFor more news from The Edge Malaysia, you can click here:
more news from The Edge MalaysiaOtherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like this article about Asia business & economics, you might also like this article about
longer deflation. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest GDP deflator news, deflation challenge news, news about Asia business & economics, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
deflationThe Edge Malaysia
•
84% Informative
Deflation stalking China since last year is now showing signs of spiralling, threatening to worsen the outlook for the world’s second -largest economy.
Apart from food costs, consumer price growth barely registered in large swathes of economy at a time when incomes are sagging.
The danger for China is deflation could snowball by encouraging households reeling from falling paychecks to cut back on spending, or delay purchases because they expect prices to fall further.
Core inflation last month rose just 0.3% to remain below 1% for an 18th month .
Producer prices have been falling since late 2022 .
Manufacturers’ raw material and selling prices both contracted for the second month in August .
While charges by services and construction companies shrank at the fastest pace since April 2020 .
VR Score
91
Informative language
92
Neutral language
50
Article tone
formal
Language
English
Language complexity
58
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
4
Source diversity
1
Affiliate links
no affiliate links