China is not experiencing deflation

BEIJING: China has not slid into deflation, but more efforts will be exerted to defuse potential risks, lawmakers and political advisors have said during the annual sessions of China’s national legislature and political advisory body.

“Deflation is often the result of long-term accumulation of structural problems in economic operation, not affirmed solely on one or two price indicators,” said Huang Maoxing, a deputy to the 14th National People’s Congress and vice president of Fujian Academy of Social Sciences.