China’s consumer price index (CPI) and producer price index (PPI) data for March both fell short of expectations year-on-year. The communist regime’s economic development model is in a vicious cycle of balance-sheet recession, says an economist, and this is just the tip of the iceberg. China’s economic winter will worsen, he predicts.
China’s CPI rose just 0.7 percent year on year in March, its slowest pace since September of 2021, and down 0.3 percentage points from February, according to data released by the National Bureau of Statistics of China on April 11. An analysis by Chinese news website Caixin suggests that aggregate demand remains weak….