China's economy is experiencing deflation, with consumer prices declining for the first time in over two years.

Unlike other countries that saw a post-pandemic surge in consumer spending, China's demand remains weak, putting pressure on Beijing to stimulate the economy.

China's consumer prices declined in July, showing deflation.Revenge consumption boosted post-pandemic economies in Western countries.

China's weak demand contrasts with rising energy costs due to the Ukraine conflict.

Beijing faces pressure to take measures to strengthen domestic demand and consumption.

Interest rate cuts, regulatory relaxation in housing, and infrastructure financing are expected.

Income-boosting measures needed to encourage consumer spending.

Global impact: Chinese products abroad may become cheaper, but weak demand in China hampers overall sales.

China's struggle with deflation and weak demand requires a multi-faceted approach.

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