Nicolas Asfouri/Pool Photo via AP
- Deflation in China continues to become more entrenched.
- New data showed consumer prices in China dropped at their sharpest rate in 14 years.
- Turmoil in China's property market has crushed consumer spending and confidence.
China's economy continues to trend in the wrong direction.
In the latest sign of the country's worsening deflation problem, fresh data showed consumer prices in China tumbled in January at the sharpest rate in 14 years.