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Chinese economy

World news about “Chinese economy” published by euronews.

09/06 14:19 CET

Chinese inflation eases, producer prices still deflating

Chinese inflation eases, producer prices still deflating

A sharp drop in food costs helped Chinese consumer inflation to drop to 1.2% in May, down from April’s 1.5%, and lower than forecast. The producer price index stayed in negative territory, and the deflation now cemented in after four years of contraction is…