China Deflation Worry Deepens Among Economists After Trade Truce
Economists expect deflationary pressure to get worse in China, even as they improve forecasts for growth and exports this year after a truce in the trade war with the US.
Consumer prices will likely increase by just 0.3% in 2025 from a year ago, the lowest projection since Bloomberg began polling the question in 2023 and down from the 0.4% predicted in April. China has seen economy-wide prices falling for two straight years, with consumer inflation below zero for the past three months.
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