China Faces Worst Deflationary Streak Since 1999

China Faces Worst Deflationary Streak Since 1999 By John Liu and Zheng Wu, Bloomberg markets live reporters and strategist Three things we learned last week: 1. China’s former central bank chief made a rare admission that the nation should tackle deflation. The economy faces its worst deflationary streak since 1999, putting pressure on corporate profits, wages and asset prices. China should focus on fighting deflationary pressure now, former Governor Yi Gang said in Shanghai on Friday. The unambiguous message contrasts with the People’s Bank of China’s restrained efforts in monetary...