China’s Weak CPI, Declining PPI Indicate Risk of Deflation: Experts

Published on July 18, 2024

China’s producer price index (PPI) has continued to fall for 21 months, according to the latest data released by the Chinese communist regime’s National Bureau of Statistics (NBS) in June, while the consumer price index (CPI) was at a 3-month low. Economist Davy J. Wong and China observer Wang He say the data show that the risk of deflation in China has continued. Deflation signals economic contraction and recession as lower prices and weak consumer demand lead to less revenue for producers, production overcapacity, and higher unemployment. According to the NBS data publicized on July 10, the PPI in June fell by 0.8 percent from the same period last year, marking the 21st consecutive month of negative growth. Although the decline was slower than the 1.4 percent decline in May and was the same as expected, observers pointed out that is due to a lower base for comparison last year....

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