News Wire | August 9, 2023 Archive
MONTHLY NEWSLETTER ARCHIVE
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.
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