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Fortune

Lionel Lim

China is again on the brink of deflation as the country's flat September CPI revives 'real risk' of falling prices

ING China Economy

A lady looking at handbags on display in a second-hand luxury goods store at a shopping mall in Shanghai (Credit: CFOTO/Future Publishing via Getty Images)

China hasn't quite kicked its confidence crisis.

The country's consumer prices remained flat in September, according to figures released on Friday, again showing weak consumer demand as the world's second largest economy continues to stumble out of the COVID pandemic. The consumer price index (CPI) came in below the 0.2% increase that analysts expected.

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