Deflation Stricken China Sinks In ‘Lost Decade’ Of  Japanification: Paves Way For India To Become 3rd  Biggest Economy – Analysis

Consumer demand in China plunged into deflation, reflecting an onslaught on consumer prices. Its consumer price index fell by 0.3 percent in July 2023, year-on-year basis, demonstrating the failure of Xi Jinping’s new policy to fix the economy, which was dented by zero-COVID policy and domestic oriented demand.

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