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China seen sliding into deflation
A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The first round of top-tier Chinese economic data this week was a blow for those hoping the world's second-largest economy was emerging from its deep funk, so what will the second round on Wednesday bring? Further disappointment, most probably. Figures on Wednesday are expected to show that Chinese consumer prices fell 0.4 per cent in July from the same month a year ago, meaning China will be the first G20 country to fall into deflation since Japan last posted negative CPI growth two years ago. With cracks also reappearing in ... (full story)