Gareth Kiernan: Infometrics chief forecaster on China's economy sliding into deflation
Heather du Plessis-Allan Drive · Newstalk ZB
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Show Notes
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.
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