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Deflation in China

China's economy struggles with falling prices, as the main inflation measure turns negative for the first time since the pandemic.

It's often said that if America sneezes, the world catches a cold. That now must be true of China - the worlds second largest economy.

China's economy is struggling with falling prices - or deflation.

The main inflation measure has turned negative for the first time since the pandemic.

(Photo: People cross a street in the central business district of Beijing, China, 09 August 2023. Credit: MARK R CRISTINO/EPA-EFE/REX/Shutterstock)

Available now

27 minutes

Broadcast

  • Wed 9 Aug 2023 14:32GMT