The inflation rate in China last month reached an exceptionally zero level, in exchange for a weaker than expected production prices. Showing a strong indication of the weakness of the world's second-largest economy, as the most optimistic about attempts to curb inflation in China, following the opening of the economy after three years of closure due to the Corona epidemic, did not expect consumer prices to reach this alarming limit.
Experts and economic circles are following with great interest the effects of China's growth in activity on the global economy as the country is a major engine of manufacturing, global trade, the labor market, and others. Some economists see this sign as dangerous: most monetary decision-makers in the world know how to deal with high prices during crises, but not with prices falling to this extent.
Source (Al-Arab Newspaper of London, Edited)
