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No China Deflation Risk - Experts


China’s economy will not fall into a deflationary spiral, despite recent subdued CPI numbers, as consumption and investment are still in the initial phase of recovery and will gather pace, according to Zhang Bin, deputy director at the Chinese Academy of Social Sciences. Zhang said authorities would implement further policy support to increase market momentum and avoid deflation. He noted high credit growth in Q1 had helped expand overall demand. Another expert said low CPI data was due to last year's high base effects when the Russia, Ukraine conflict began.(Source: Financial Journal)

MNI Beijing Bureau |
MNI Beijing Bureau |

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