The Chinese economy has slipped into deflation, as declining domestic spending impacted the region's post-Covid recovery.
China's CPI fell 0.3 points in July, having completely flatlined in June.
These figures are off the back of exports falling sharply in July by 14.5 percent.
Infometrics chief forecaster Gareth Kiernan says weak household demand and retail spending and a declining property market suggest the economy is going through a difficult time.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
The Joe Rogan Experience
The official podcast of comedian Joe Rogan.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Special Summer Offer: Exclusively on Apple Podcasts, try our Dateline Premium subscription completely free for one month! With Dateline Premium, you get every episode ad-free plus exclusive bonus content.