Beijing’s economic woes worsened last week after it emerged China had fallen into deflation. The news highlights how the country is struggling to live up to expectations of a strong recovery after emerging from extended Covid lockdowns. But will falling prices have an impact beyond China’s borders, in places where the bigger risk is still that an extended period of high inflation will endure?
上週，中國陷入通縮的事情浮出了水面，致使北京方面面臨的經濟困境進一步惡化。該訊息表明，在擺脫長期的新冠疫情封鎖後，中國難以像人們期望的那般讓經濟展開強勁復甦。
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