China Endures Longest Deflationary Streak in Decades as GDP Deflator Falls

A recent Bloomberg report explicitly states that China’s GDP deflator has declined across multiple consecutive quarters and characterizes this as the longest deflationary stretch in decades, citing current data and the broader price environment. Independent market commentary from Mizuho further references a persistent decline in the GDP deflator and weak nominal GDP growth, reinforcing the point. While the Trading Economics producer price data and CEIC indicators are not the GDP deflator itself, they show prolonged factory-gate price deflation consistent with a negative GDP deflator over several quarters. There are no sources provided that contradict this narrative. The only caveat is that the set does not include an official National Bureau of Statistics release directly, and several items are indirect or tangential. Nonetheless, the consistency across credible outlets that reference official data supports the statement.