Will China trigger a collapse?

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China falls deeper into deflation territory, hitting markets, as UK house asking prices drop – business live

China’s consumer price index (CPI) dropped 0.5% on a monthly basis in November, showing that prices of a basket of goods and services fell compared with October.

CPI was also 0.5% lower on an annual basis, China’s National Bureau of Statistics (NBS) reported, which is the steepest drop since November 2020.

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The drops have disappointed investors, as they indicate rising deflationary pressures as domestic demand remains subdued.