China slides into deflation: What is deflation and what are its impacts 
China's economy has fallen into deflation, with consumer prices declining for the first time in over two years. This indicates that demand is weakening in the world's second-largest economy, and producer prices have also contracted for ten consecutive months. Factors contributing to this trend include the real estate sector's turmoil and the weak global economy, which has led to a slowdown in production and investment.