Will Chinese deflation help cure the West’s inflation problem?

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN — The Chinese economy has hit a rough patch. That might be the catalyst needed to finally cure the West of its inflationary woes. What’s happening: Chinese consumer spending, factory production and investments in long-term assets like property or machinery all slumped last month. Youth unemployment has hit record highs while an ongoing real estate and debt crisis has investors fearing the worst. On Monday,

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Last updated : 22 August 2023 clock 03:01 PM

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