China, once juggling numerous economic endeavors, now sees them all falter…

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China’s deflation problem keeps getting worse
In the latest sign of the country’s worsening deflation problem, fresh data showed consumer prices in China tumbled in January at the sharpest rate in 14 years.

The National Bureau of Statistics attributed the deflation numbers to floating holiday effects, given that Lunar New Year occurred in January 2023 versus this year’s February date, though the figures suggest potential spillover for the global economy.

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