Prices consumers and business pay are falling, raising the threat of deflation....
Retail sales and industrial production in July missed economists’ expectations, and investment in real estate is plunging.As a result, the stock market has lost its fizz.An index of Chinese stocks traded in Hong Kong has fallen more than 9 percent this month....
Wednesday brought more distressing data: Home prices had fallen in 49 of 70 major cities in the country. The central bank, analysts at Barclays said on
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2023-08-16 00:00:00.0