Cracks In China's Growth Story
2023 • 3min • News • Business
Published On: August 10, 2023 - China's economy has slipped into deflation as consumer prices declined in July for the first time in more than two years. The consumer price index, a measure of inflation, fell by 0.3% last month from a year earlier. What is deflation? Why is that a cause of concern? What will be the global impact? News9's Shweta Kothari and Kartik Malhotra are joined by Kranthi Bathini, director, equity strategy, WealthMills securities to answer all these questions.