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The Guardian - UK
The Guardian - UK
Business
Amy Hawkins Senior China correspondent

In the year of the dragon, will China breathe fire into its deflating economy?

People walk past a statue of a dragon on the street as decoration for the upcoming lunar new year, in Shanghai, China, 07 February 2024.
Analysts are now looking at whether the year of the dragon will breathe some much-needed fire into the belly of the Chinese economy. Photograph: Alex Plavevski/EPA

China’s economy has gone from bad to worse – and it is only February.

Figures released on Thursday showed consumer prices fell by 0.8% in January compared with a year earlier, outstripping economists’ expectations and marking the biggest contraction in 15 years.

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