“China’s Factory Deflation: Is the Global Tightening Cycle Coming to an End? Bitcoin Soars Above $30K”
China’s ongoing decline in factory-gate prices, as indicated by the producer price index (PPI), is exerting deflationary pressure on the global economy, potentially marking the conclusion of the global interest rate increase cycle. The National Bureau of Statistics (NBS) announced on Monday that China’s PPI fell by 5.4% year-on-year in June, marking the ninth consecutive […]