Inflation & Prices
China Deflation Pressure Worsens as Economy Slumps, Survey Shows
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Deflationary pressure in China worsened in the fourth quarter as the economy slumped, with price-growth likely to be subdued even when the economy rebounds later this year, according to China Beige Book International.
Companies recorded the weakest growth in wages and input costs in the final three months of 2022 since mid-2020, CBBI said in a report Tuesday. Growth in sale prices also slowed to the worst level since late 2020, it said.