📉 China's consumer price inflation rate dropped to zero in June, down from a 0.2% annual gain in May, raising concerns of deflation. Factory-gate prices in China fell for the ninth consecutive month in June, dropping 5.4% YoY, the sharpest decline since December 2015. While China's economy is still growing, the pace is slowing, with industrial production and consumer spending showing signs of weakness. 🇨🇳📉 #China #Inflation #Economy