China's producer prices fall 3.6% in June, biggest drop in nearly two years as deflation deepens
1. China's producer prices fell 3.6%, the largest drop in two years. 2. Consumer prices slightly rose 0.1% in June, indicating potential recovery. 3. Deflation in producer prices worsened economic conditions, posing risks to businesses. 4. Chinese policymakers criticized price competition impacting consumer demand. 5. Industrial profits plunged 9.1% in May, signaling economic stress.