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China Slips Into Deflation For First Time Since 2021 | Chinese Economy Challenges & Implications

China's economy has entered a deflationary phase as consumer prices experienced a decline in July, marking the first instance of such a trend in over two years. This raises pressure on China to boost demand in the second-largest economy amid weak import/export data and post-pandemic recovery doubts. Ballooning local debt, housing market challenges, and high youth unemployment add to the complexity. Join Neha Khanna for more insights on China's evolving economic landscape. .............................................................................................. News9 is India's first fully integrated English news brand across all digital platforms. It includes a publishing platform, viz. www.news9live.com, a future-ready OTT platform, News9 Plus, and a 24-Hour video streaming service on connected TVs and all social platforms. It's the English news brand that understands and fits perfectly into the digital-first lifestyles of our English news audiences. ► Watch us on YouTube :    / news9live   ► Like us on Facebook :   / news9live   ► Follow us on Instagram :   / news9live   ► Follow us on Twitter :   / news9tweets