Data to hurt firms' pricing power, pressure workers: economist
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China's producer price index fell further into contraction, signaling a worsening economic slowdown that threatens to add deflationary pressures to the global economy.
"Price pressures in China are weak overall, even with pockets of strength in food inflation on soaring pork prices. To us, the main risk is deflation, or at least dis-inflation -- not rising inflation. This spells more pressure on the People's Bank of China to ease monetary policy."
-- David Qu, Bloomberg Economics
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-- With assistance by Yinan Zhao, Miao Han, and Kevin Hamlin