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China's producer prices plunge the most in seven years as deflation hangs over economy.
Interesting read. Going through the article, I wonder if the story of what is truly happening is missed. Seems the USA and most western nations might welcome this news in many aspects.
As always, one should excercise extreme caution on any number, fact, or figure coming out of China. Nothing released from China is ever verified, validated, or accredited -ever. The entire story could in fact be propaganda/ information campaign, and the author took the bait.
China's producer prices plunge the most in seven years as deflation hangs over economy
Deflation seen in China's producer prices are in contrast to the high levels of inflation that global central banks have been fighting to bring down for more than a year.
www.cnbc.com