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OverviewAPI
China's consumer prices fell the fastest in three years, with a decrease of 0.5% year-on-year, while factory-gate deflation deepened. Despite expectations of inflation, core inflation remained stagnant at 0.6%. The producer price index fell 3.0% year-on-year, marking the 14th consecutive month of decline. Moody's downgraded China's credit rating due to costs to bail out local governments and state firms and control the housing market.

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