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China faces an economic perfect storm – with potentially catastrophic consequences

First published: Daily Telegraph, 10/08/2023

It may seem odd to those of us having to contend with sustained inflation, or what has been dubbed the cost of living crisis, but in China households and firms are experiencing precisely the opposite. Some may consider falling prices a positive development for the Chinese economy. This would be a mistake.

The immediate story is nuanced. In July, consumer prices were 0.3pc lower than in the same month last year, but the negative dip is mainly because….Read on