China's Deflation Surprise: What's Happening to Prices?

China's economy just threw economists a curveball: Consumer prices unexpectedly PLUMMETED in August, signaling potential trouble for the nation's recovery. While factory prices are falling less dramatically, the overall deflationary pressure has Beijing scrambling to stabilize key industries and prevent a damaging price war. Is this a temporary blip or a sign of deeper economic woes? Global markets are on high alert. Hosted on Acast. See acast.com/privacy for more information.