China’s Producer Prices Drop Sharply Amid Ongoing Deflation

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Source: CNBC
China’s Producer Prices Drop Sharply Amid Ongoing Deflation
Photo: CNBC
TL;DR

China's producer prices fell by 3.6% in June, the largest decline in nearly two years, deepening deflation amid ongoing price wars and overcapacity issues, while consumer prices showed slight growth, prompting concerns over sustained economic slowdown and the need for policy stimulus.

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