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crowd shanghai china
Chinese national flags are seen as tourists crowd along the Nanjing Pedestrian Road, a main shopping area, on a national holiday in Shanghai on October 4, 2014.

REUTERS/Aly Song

  • China has been grappling with negative consumer prices for several months. 
  • No other major world economy faces deflation.
  • China's deflation problem comes amid a property market meltdown, extreme bearishness, and weak consumer confidence.

Deflation was unique to China in 2023, and that remains the case two months into the new year as the country grapples with slumping demand as a result of its dire real estate crisis and broader economic malaise. 

Tags
economy, Markets, economy, China, china-outlook, china-economy, Beijing, Deflation, Inflation, CPI, consumer-prices, Policy, interest-rates, Bearish, Markets, Investors, household, Incomes, property-market
Source
China is the only major economy dealing with deflation