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Excess international provide pushes China into deflation

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Excess international provide pushes China into deflation

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WION Video Team  | Updated: Dec 22, 2023, 12:00 PM IST

China’s financial struggles post-pandemic are inflicting a worldwide stir, because it faces a singular problem of intensified deflation dangers. Lockdowns and provide chain disruptions throughout heightened international demand led to extra provide when China reopened in 2023, pushing home and export costs into deflation. the influence? Plunging export costs, affecting main buying and selling companions and probably reshaping the world’s financial dynamics.

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