China's statistics bureau rejects deflation concerns at Beijing press conference

China’s statistics bureau rejects deflation concerns at Beijing press conference

There is no deflation in China and there will be no deflation in the future, a spokesman of China’s statistics bureau said on Tuesday.

China’s economic recovery faces challenges, National Bureau of Statistics spokesperson Fu Linghui told a press conference in Beijing.

Still, the bureau expects a decline in producer price index to moderate further, according to Fu.

China’s consumer sector tipped into deflation and factory-gate prices extended declines in July, official data showed.

Fu also said that risks for property developers could be gradually resolved due to policy optimisation.