China on Brink of Deflation Again Reveals Still-Weak Rebound
- CPI stalls in September while export decline eases a bit more
- More data next week may show how much stimulus is needed
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China’s economy still has a ways to go before it’s out of the woods.
Data on Friday was mixed: Consumer prices unexpectedly slowed to the brink of deflation in September as concerns linger about weak demand. A slump in the nation’s exports moderated, though consistent growth remains elusive for what was once a key driver for the world’s second-largest economy. And while new credit jumped last month, the amount of loans made missed expectations.