China’s statistics bureau rejects deflation concerns at Beijing press conference

close Video Fox News Flash top headlines for August 15 Fox News Flash top headlines are here. Check out what’s clicking on Foxnews.com.There is no deflation in China and there will be no deflation in the future, a spokesman of China’s statistics bureau said on Tuesday. China’s economic recovery faces challenges, National Bureau of Statistics spokesperson Fu Linghui told a press conference in Beijing.Still, the bureau expects a decline in producer price index to moderate further, according to Fu. 7 PROMINENT ADVOCATES CHARGED IN HONG KONG’S 2019 PRO-DEMOCRACY PROTESTS GET CONVICTIONS OVERTURNED A customer shops for vegetables at a wet market in Beijing, China, on Aug. 10, 2023.  (REUTERS/Yew Lun Tian)CLICK HERE TO GET THE FOX NEWS APP China’s consumer sector tipped into deflation and factory-gate prices extended declines in July, official data showed.Fu also said that risks for property developers could be gradually resolved due to policy optimisation.



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