China’s Deflation: How the World’s Second-Largest Economy Is Responding to Downturn? – Top Speed News
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…