China deflation talk misses the point

Suddenly, China is being inundated with talk about deflation. Slowing consumer price increases are fueling a conversation that no government wants. Price rises eased to a negligible 0.3% in April year on year, down from a 0.7% pace in March. Producer prices, meantime, are seen contracting another 3.0% in April after falling 2.5% in March. […]