{"id":57412,"date":"2023-08-10T00:41:44","date_gmt":"2023-08-09T15:41:44","guid":{"rendered":"https:\/\/www.theguardian.com\/world\/2023\/aug\/09\/china-economy-is-struggling-but-fears-of-sustained-deflation-are-premature"},"modified":"2023-08-10T00:41:44","modified_gmt":"2023-08-09T15:41:44","slug":"chinas-economy-is-struggling-but-fears-of-sustained-deflation-are-premature","status":"publish","type":"post","link":"https:\/\/eastasianews.net\/wp\/?p=57412","title":{"rendered":"China\u2019s economy is struggling but fears of sustained deflation are premature"},"content":{"rendered":"<p>Trade with rest of world is shrinking and youth unemployment is at 20% but state interventions are expected<\/p>\n<p>China\u2019s economy is struggling. The recovery after the lifting of Covid-19 restrictions is faltering. Its trade with the rest of the world is shrinking. A decade-long boom in house prices has come to an end.<\/p>\n<p>The most obvious manifestation of the troubles besetting the world\u2019s second biggest economy is that China is <a href=\"https:\/\/www.theguardian.com\/world\/2023\/aug\/08\/chinese-economy-expected-to-have-slipped-into-deflation-as-recovery-falters\">now officially in deflation<\/a>. In the <a href=\"https:\/\/www.theguardian.com\/business\/2023\/jul\/12\/us-inflation-rate-june-2023#:~:text=The%20latest%20consumer%20price%20index,clashed%20with%20burgeoning%20consumer%20demand.\">US<\/a>, the <a href=\"https:\/\/www.theguardian.com\/business\/inflation\">UK<\/a> and the <a href=\"https:\/\/www.theguardian.com\/business\/2023\/jul\/31\/eurozone-economic-inflation-gdp-germany-growth\">eurozone<\/a>, prices are rising \u2013 albeit not quite as fast as they were a few months ago \u2013 but in China they are actually falling.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/world\/2023\/aug\/09\/china-economy-is-struggling-but-fears-of-sustained-deflation-are-premature\">Continue reading&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trade with rest of world is shrinking and youth unemployment is at 20% but state interventions are expectedChina\u2019s economy is struggling. The recovery after the lifting of Covid-19 restrictions is faltering. Its trade with the rest of the world is shri&#8230;<\/p>\n","protected":false},"author":943,"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":[41,6,50,437,2515,42],"tags":[],"class_list":["post-57412","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-business","category-china","category-economics","category-inflation","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\/57412","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\/943"}],"replies":[{"embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=57412"}],"version-history":[{"count":1,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/57412\/revisions"}],"predecessor-version":[{"id":57413,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/57412\/revisions\/57413"}],"wp:attachment":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=57412"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=57412"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=57412"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}