China central bank says deflation still a problem

CHINA - The threat that deflation will re-emerge continues, as domestic consumption remains weak, a senior central bank official wrote in a weekend article.

"While the problems of structural contradiction and insufficient demand remain unresolved, the shadow of deflation will persist," wrote Dai Genyou, secretary of the bank's monetary policy committee, in the state-run Financial News.

China's Ministry of Finance has said that a sustained end to deflation and the recovery of private sector inve

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