News Wire | August 9, 2023 Archive

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Chinese Economy Falls Into Deflation as Recovery Stumbles

By Thomas Hale and Andy Lin | Financial Times

China’s economy has fallen into deflation after consumer prices declined for the first time since early 2021, in one of the starkest indicators of the challenges facing policymakers as they struggle to revive consumption. The consumer price index fell 0.3 percent year on year in July, according to official statistics released on Wednesday.

US Set to Limit Scope of China Investment Ban With Revenue Rule

By Anna Edgerton and Eric Martin | Bloomberg

A U.S. plan to restrict investment in China is likely to apply only to Chinese companies that get at least half of their revenue from cutting-edge sectors such as quantum computing and artificial intelligence, people familiar with the matter said.

More from WPR: The Global Order Might Be Big Enough for the U.S. and China

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