China is struggling with too little inflation

Posted on AllSides March 9th, 2023
From The Center
Xiaoyu Yin (Reuters)

While most of the world is experiencing price increases it hasn’t seen since the 1980s, China is having the opposite problem.

Chinese consumer prices moved up by a mere 1% in February,
according to China’s National Bureau of Statistics. The increase was half the 2.1% increase the country saw in January and far below the 1.7% increase that economists polled by the Wall Street Journal had predicted.

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