An oversupply-led plunge in pork price has pushed the Chinese economy into deflation

An oversupply-led plunge in pork price has pushed the Chinese economy into deflation

Upworthy

Published

None Pork prices are a significant driver of the consumer price index, and have fallen 26% year-on-year. • None Deflation could have wider economic consequences, such as lowering Chinese consumer demand. Chinese pork prices have plummeted by more than a quarter as the world's second largest…

#nonedeflation #eiu #african #sp #beijing

Full Article