The rocket fuel behind China Shock 2.0: Weak currency, deflation
Flat to falling prices coupled with inflation elsewhere and a lower exchange rate have turbocharged China’s export boom.
Source: livemint.com
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Top News In China Deflation Today - Breaking & Trending Today
Cheap Chinese Goods Are Becoming a Costly Problem. Exhibit A: Hong Kong.
Shoppers are hopping across the border, where prices have dropped. Neighboring Asian countries could also be hit if Chinese companies dump their goods there among weak domestic demand.
Source: livemint.com
Chinese Banks Slash a Key Lending Rate as Economy Falters
China’s longer-term benchmark lending rate was lowered this month after the central bank held its policy rates steady, according to data released by the People’s Bank of China.
Source: livemint.com
China's Economy Hit By Worst Consumer Prices For The First Time In 14 Years
According to official data published by the National Bureau of Statistics, China's consumer price index fell by 0.8 per cent in January 2024, compared to that of January 2023.
Source: ibtimes.co.uk
A modest sliver lining for China and Hong Kong stock markets
Slower pace of deceleration for China PPI that may see further countertrend rallies in Hang Seng Index and China stock indices.
Source: marketpulse.com