China's deflating economy

China confronts the threat of economic stagnation and deflation as it fails to bounce back post-Covid. Some analysts now say the government's economic growth target around 5% could be at risk for a second year in a row.

(Picture: An employee works on a drilling machine at a factory in Zhangjiakou in China's northern Hebei province. - Factory prices in China were unchanged in June from a year ago, data showed on July 10, reviving the prospect of deflation as the US trade war hits the crucial manufacturing sector. Picture Credit: Getty Images).