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World watches nervously as deflation stalks China's economy
Posted
August 9, 2023
Views
45,380
Likes
454
Comments
160
Engagement
1.35%
August 9, 2023
45,380
454
160
1.35%
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2:57Now PlayingWhile many Western nations battle inflation, China's economy has slipped into deflation.
That could have big consequences for the global economy - slowing growth in China would be a major drag on world trade.
It was thought China's consumers would rush to the tills once the country was freed from its two years of rolling COVID lockdowns
However, low consumer confidence has meant the country now appears to be entering an era of slower economic growth, causing prices and wages to stagnate.
#china #chinanews #chinaeconomy #covid19 #deflation
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