Chinese economy out of deflation but faces threat of relapse

Slow domestic consumption, high youth unemployment and decline in exports among factors dragging on post-Covid recovery

China’s consumer price index rebounded in August as the world’s second-largest economy emerged from deflation, official data released on Saturday suggested, despite sluggish domestic consumption that is complicating its post-Covid economic recovery.

Last month’s CPI, the main gauge of inflation, rose 0.1% year on year, the national statistics bureau said.

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