Placeholder canvas
HomeBusinessChina sees fastest consumer price drop since Global Financial Crisis - Bloomberg...

China sees fastest consumer price drop since Global Financial Crisis – Bloomberg TV

Published on

China’s Consumer Prices Drop at Fastest Pace Since Global Financial Crisis, according to multiple reports. The country’s consumer prices have suffered the steepest fall since 2009, leading to fears of deflation risks stalking the economy. Not only that, China’s economy and housing market are at risk of a ‘debt-deflation spiral’, as producer prices dipped in January for a 16th consecutive month, while consumer prices saw their biggest drop since 2009. China’s prices have fallen at the fastest rate in 15 years, as the economy is battling deflation.

The drop in consumer prices in China has raised concerns about deflation risks stalking the economy, with fears of a ‘debt-deflation spiral’ impacting the country’s housing market. Producer prices have dipped for the 16th consecutive month, while consumer prices saw their biggest drop since 2009, adding to the worries. This marks the fastest rate of price fall in 15 years, reflecting the economic challenges that China is currently facing.

The recent news articles highlight China’s struggle with plummeting consumer and producer prices, with experts warning of the risks of deflation for the country’s economy. The unprecedented drop in prices is reminiscent of the global financial crisis, raising concerns about China’s economic stability and potential long-term impacts. As the country battles deflation, it remains to be seen how this will affect both the domestic and global economic landscape.

Source link

Latest articles

Top deals for Pokémon Day on games, trading cards, and more.

Today marks Pokémon Day, an annual celebration of the game's launch in 1996, which...

Mixed stock close with Bitcoin surge as Wall Street awaits inflation data.

Lowe's CEO Marvin Ellison expressed confidence that although there is currently a slowdown in...

Michigan to gauge public sentiment on Biden administration’s Israel policy through vote.

In Michigan, grassroots organizations like Abandon Biden and Listen to Michigan are urging Democrats...

Fidelity reports 41% increase in 401(k) ‘millionaires’ in past year.

The year 2023 saw the creation of more 401(k) "millionaires," though the overall number...

More like this

Top deals for Pokémon Day on games, trading cards, and more.

Today marks Pokémon Day, an annual celebration of the game's launch in 1996, which...

Mixed stock close with Bitcoin surge as Wall Street awaits inflation data.

Lowe's CEO Marvin Ellison expressed confidence that although there is currently a slowdown in...

Michigan to gauge public sentiment on Biden administration’s Israel policy through vote.

In Michigan, grassroots organizations like Abandon Biden and Listen to Michigan are urging Democrats...