China’s Economy Is Set to Avoid a Japanese-Style Deflation
- World Economics survey shows price index hitting 14-month high
- Fears of Chinese price deflation could have been overblown
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Prices in China are recovering, according to an independent survey, providing more evidence that the worst may be over for the world’s second-biggest economy and easing fears of a Japan-style deflation for now.
The all-sector price index hit 50.9 in September, the highest level in 14 months, according to data company World Economics, which first developed the global Purchasing Managers Indexes now owned by S&P Global.