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00:00 China records the first decline in consumer prices in 28 months.
00:06 We are talking about these figures that were recorded at the level of product prices and consumers during the past period.
00:12 And for July, we are talking about these data with 13 points of 100 in July.
00:19 The forecasts indicated that we have seen this decline with 14 points of 100.
00:23 It came less than expected. It is the first annual decline since February 2021.
00:29 At the level of product prices, we have seen a 4.4 point of 100 in July.
00:36 It is the highest forecast that was indicated with 4.1 points of 100.
00:43 It is the 10th month decline on the balance sheet as shown by these data.
00:48 We are talking about the fear that may still hamper the development and the traditional incentive procedures that the Chinese government is implementing.
00:56 This is the first decline in consumer prices and product prices since November 2020.
01:01 The pandemic of COVID-19 was still a threat.
01:04 China was still facing this threat since the beginning of the pandemic in 2020.
01:10 At the level of the core CPI, which excludes food and energy prices,
01:16 China recorded a 18 point of 100 increase, which is the highest level since January.
01:22 This is where the fear of risk of deflation comes in.
01:27 The biggest fear of decline is that we may see a decline in the Chinese economy as a result of these data.
01:34 In the past, we have also been focusing on trade data that we have seen at the level of the Chinese economy.
01:40 The demand for consumers and companies has declined,
01:43 specifically by the US and the European Union.
01:48 The weakening of the real estate market and the decline in consumer spending has also been a result of the decline in demand in the past.
01:56 These are the data that have been recorded at the level of trade,
02:00 whether for exports, which declined by 14.5 percent,
02:06 and the decline in imports at 12.4 percent in three years.
02:11 The expectations were that the decline would be only 5 percent, but these latest data came from the Chinese trade and economy.