Shop and factory prices both fell in China last month, according to data released Wednesday.
That means the country is suffering deflation for the first time in over two years.
It's the latest in a long list of concerns for Beijing as China's post-COVID rebound fizzles out.
That's another economic worry for Beijing, which is also contending with faltering growth, skyrocketing youth unemployment, and massive amounts of debt.
The data released Wednesday is likely to lead to more calls for fiscal stimulus, according to analysts.
Persons:
Hargreaves, Steve Clayton, Jim Reid
Organizations:
Service, Privacy, China, National Bureau of Statistics, CPI, PPI, Deutsche Bank
Locations:
China, Beijing, Wall, Silicon