UK Property

UK Property

China falls deeper into deflation territory, hitting markets; IMF warns of risk of cold war II – as it happened | Business

Introduction: China’s consumer price drop adds to deflation fearsGood morning, and welcome to our rolling coverage of business, the financial markets and the world economy.While most of the advanced world is struggling with inflation, China has the opposite problem.The world’s second-largest economy has dropped further into deflation territory, with consumer prices falling last month, new data released last weekend shows.China’s consumer price index (CPI) dropped 0.5% on a monthly basis in November, showing that prices of a basket of goods and services fell compared with October.CPI was also 0.5% lower...
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