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China’s consumer prices fall fastest in 3 years, factory-gate deflation deepens

China’s consumer prices fall fastest in 3 years, factory-gate deflation deepens

© Reuters. FILE PHOTO: People walk along Nanjing Pedestrian Road, a main shopping area, ahead of the National Day holiday, in Shanghai, China September 26, 2023. REUTERS/Aly Song/File Photo BEIJING (Reuters) -China’s consumer prices fell the fastest in three years in November while factory-gate deflation deepened, indicating rising deflationary pressures as weak domestic demand casts…