Deflation Looms in China Amid Property Crisis, Survey Shows
- Companies report weakest price growth since late 2020: CBBI
- Winter lockdowns could heighten deflation concerns: CEO Miller
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China faces increasing risks from deflation as demand crumbles under the weight of an ongoing property crisis and is threatened by continued Covid restrictions -- a stark contrast with other major economies, according to a private survey.
Companies reported the weakest growth in sales prices since the last quarter of 2020 in the three months through September, according to indexes compiled by China Beige Book International in a report published Tuesday. That’s despite wages and input costs picking up slightly from the previous quarter.