China's record-low yields flash deflationary warning signs

Sluggish prices and population decline raise risk of Japanification

20240301N China supermarket

Shoppers browse items at a Hema Outlet discount grocery store in Shanghai. (Photo by Noriyuki Doi)

NORIYUKI DOI, Nikkei staff writer

SHANGHAI -- China's benchmark yield has dropped to a record low amid deflationary pressures, signaling a heightened risk of the long-term economic stagnation that has plagued Japan.

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