Whip Inflation! (and Chinese deflation...)
Cheaper Chinese tech not welcome as Biden fends off vote-killing price increases
China’s deflationary pressures continue to mount, causing ructions with trading partners like the U.S. eager to reduce their economic reliance on China, especially in advanced technologies.
Producer prices in China dropped 2.8% in March from a year ago, extending a slide that began in September 2022. Consumer prices, meanwhile, eked out a lower-than-expe…