China’s consumer prices fell 0.7% year-over-year in February, with Core CPI dropping 0.1%, marking the second monthly decline in over 15 years. The GDP deflator decreased 0.8% in Q4 2024, the 7th consecutive quarter of falling prices, matching the 1990s streak and potentially becoming the longest period of declines since the 1960s. These deflationary pressures stem from weak spending and the ongoing property crisis, which has eroded consumer confidence and forced businesses to lower prices
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