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الخليج
China Inflation Slowdown Raises Recession Concerns
The slowdown in price inflation in China is evident as the Producer Price Index rose by 3.5% in July, marking the slowest pace since the inflation triggered by rising oil prices began in March; at the same time, consumer inflation dipped to 0.5%, renewing concerns of an economic recession due to weak domestic demand and energy price corrections. Data shows that the rise in production costs resulting from global oil price increases has not fully translated into higher inflation, as profits in some sectors such as clothing have declined and consumer demand has weakened. This situation reinforces the prospects of ongoing deflationary risks and subdued economic growth in China.
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