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China’s consumer inflation rose 0.3% year-on-year in October, while factory-gate prices fell 2.9%, suggesting the recent stimulus has yet to break the grip of deflation.

Foreign companies pulled $8.1 billion from China in the third quarter, a sign of lingering pessimism despite Beijing’s stimulus measures. The country’s direct investment liabilities were down almost $13 billion for the first nine months of 2024. By contrast, Chinese firms lifted their overseas assets by $34 billion, taking outflows so far this year to $143 billion.

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