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China’s Deflation: How the World’s Second-Largest Economy Is Responding to Downturn?
Aggregated Source: ChinaLegalBlog.com

China on Wednesday reported it had entered deflation for the first time since 2021 — the latest indicator pointing to a slowdown in the world’s second-largest economy. Here’s how Beijing is attempting to reverse the downturn:

– Targeted stimulus –

During the global financial crisis of the late 2000s, China unveiled a massive four trillion yuan ($556 billion at current exchange rates) stimulus plan.…

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