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China’s consumer inflation turns negative for the first time in 13 months

China's consumer price index fell by 0.7% in February, marking the first contraction since January 2024, as reported by the National Bureau of Statistics.
The government aims for a GDP growth target of around 5% and reduced the inflation target to 2%, the lowest in over two decades.
The producer price index decreased by 2.2% in February, the smallest decline in six months, as noted by the National Bureau of Statistics.
Weak household demand and deflationary pressures are impacting China's economy, as noted by Zhiwei Zhang, president of Pinpoint Asset Management.

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Hong Kong, Shanghai lead losers on mixed day for Asian markets

Shares in Hong Kong and Shanghai sank Monday on a mixed day for Asian markets after data showing Chinese consumer prices slipped back into deflation stoked fresh concerns over the world's number two economy.

5 hours ago

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The Standard

Deflation threats grow in China

Reuters and staff reporter China's consumer inflation in February fell at the quickest pace since January 2024, while producer price deflation persisted, as seasonal demand faded with households' cautious spending amid job and income worries. The consumer price index edged down 0.7 percent last...

16 hours ago

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Zero Hedge

China Slumps Into Deflation Again, With First Negative Core CPI Print Since 2021

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

17 hours ago·United States

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The Straits Times

China’s inflation declines below zero for first time in 13 months

The CPI declined 0.7 per cent from a year earlier, the National Bureau of Statistics said on March 9. Read more at straitstimes.com.

22 hours ago·Singapore

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Times of Malta

Inflation: The silent thief

Inflation, which could also be referred to as the silent thief, stealthily erodes the purchasing power of money over time. It is an economic phenomenon that affects everyone, from the average consumer to large corporations, and can have far-reaching implications on savings and investments. Understanding inflation and its impact on your financial well-being is crucial,...

23 hours ago

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Firstpost News

China's consumer prices experience first decline in 13 months

The National Bureau of Statistics said Sunday that the consumer price index dropped 0.7% in February compared to a year ago. On a monthly basis, prices were down 0.2% from January

24 hours ago·Mumbai, India

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