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China’s Economy Is Set to Avoid a Japanese-Style Deflation

(Bloomberg) — Prices in China are recovering, according to an independent survey, providing more evidence that the worst may be over for the world’s second-biggest economy and easing fears of a Japan-style deflation for now.

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The all-sector price index hit 50.9 in September, the highest level in 14 months, according to data company World Economics, which first developed the global Purchasing Managers Indexes now owned by S&P Global.