{"id":57359,"date":"2023-08-09T00:00:56","date_gmt":"2023-08-08T15:00:56","guid":{"rendered":"https:\/\/www.theguardian.com\/world\/2023\/aug\/08\/chinese-economy-expected-to-have-slipped-into-deflation-as-recovery-falters"},"modified":"2023-08-10T02:13:10","modified_gmt":"2023-08-09T17:13:10","slug":"chinese-economy-expected-to-have-slipped-into-deflation-as-recovery-falters","status":"publish","type":"post","link":"https:\/\/eastasianews.net\/wp\/?p=57359","title":{"rendered":"Chinese economy slips into deflation as recovery falters and demand slows"},"content":{"rendered":"<p>Consumer price inflation data shows prices fell by 0.3% year on year in July<\/p>\n<p>China\u2019s economy has fallen into deflation after consumer prices fell year on year last month for the first time in more than two years, official data shows, as slowing domestic spending weighs on the country\u2019s post-Covid economic recovery.<\/p>\n<p>The consumer price index, the main gauge of inflation, fell 0.3% in July, the National Bureau of Statistics of China (NBS) said, having flatlined in June. A survey of analysts had anticipated a 0.4% year-on-year decline.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/world\/2023\/aug\/08\/chinese-economy-expected-to-have-slipped-into-deflation-as-recovery-falters\">Continue reading&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Consumer price inflation data shows prices fell by 0.3% year on year in JulyChina\u2019s economy has fallen into deflation after consumer prices fell year on year last month for the first time in more than two years, official data shows, as slowing domestic&#8230;<\/p>\n","protected":false},"author":548,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"sns_share_botton_hide":"","vkExUnit_sns_title":"","_vk_print_noindex":"","sitemap_hide":"","_veu_custom_css":"","veu_display_promotion_alert":"","vkexunit_cta_each_option":"","footnotes":""},"categories":[41,6,50,437,42],"tags":[],"class_list":["post-57359","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-business","category-china","category-economics","category-world-news"],"veu_head_title_object":{"title":"","add_site_title":""},"_links":{"self":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/57359","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/users\/548"}],"replies":[{"embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=57359"}],"version-history":[{"count":4,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/57359\/revisions"}],"predecessor-version":[{"id":57409,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/57359\/revisions\/57409"}],"wp:attachment":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=57359"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=57359"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=57359"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}