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China's Economy enters into Deflation for the First Time in More Than Two Years

China's economy is experiencing deflation as consumer prices have dropped for the first time in over two years, indicating reduced demand. In July, the consumer price index (CPI) fell by 0.3% compared to the previous year, marking the first decrease since February 2021, as per the reports of China’s National Bureau of Statistics on Wednesday, August 9. ....

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