The Traderszone Network

Published in TZ Latest News 9 September, 2015 by The TZ Newswire Staff

China deflation risks grow, foreign central banks on alert

WELLINGTON/BEIJING (Reuters) – The risk China’s economy enters deflation is growing, data suggested on Wednesday, as signs emerge that some foreign central banks are increasingly worried about the impact falling Chinese prices and a weaker yuan could have on their economies. New Zealand’s central bank governor Graeme Wheeler said that China’s surprise devaluation of the yuan, or renminbi, last month had left them concerned about the risk they may let it slide further.

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