China: Consumer prices plunge at fastest rate in 15 years

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China's economy is again showing bad data with risks slipping into deeper deflation as consumer prices declined in January. China’s consumer price index falling by 0.8% compared with a year earlier. It's been the fourth consecutive month of declines and makes analysts negatively look into the future. Will falling prices make it harder for China to lower its debt and what should we expect next? (Picture: China's consumer price index declines, Shanghai. Picture credit: EPA-EFE/REX/Shutterstock)