Deflation Alert
As inflation hits a four-decade high in the United States, China faces deflationary pressure. The markedly different pictures of the world’s two largest economies tell the complexity of economic recovery amid COVID-19 waves.
According to data from the National Bureau of Statistics (NBS), in January, China’s consumer price index (CPI) inched up by 0.9 percent year on year, a decline of 0.6 percentage point over the
