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How China is responding to economic challenges
How China is responding to economic challenges
Business and Economy
by  AFP

China on Wednesday reported it had entered deflation for the first time since 2021 -- the latest indicator pointing to a slowdown in the world's second-largest economy. - Deflationary spiral - While on paper falling prices may seem like a good thing for purchasing power, a drop into deflation poses a long-term threat.

Cathay Pacific reports first half profit amid travel recovery
Cathay Pacific reports first half profit amid travel recovery
Business and Economy
by  AFP

Hong Kong carrier Cathay Pacific on Wednesday swung to a healthy profit in the first half of the year thanks to a pick-up in travel, with the airline expecting passenger capacity to reach 70 percent of pre-pandemic levels by end of the year. He added that Cathay would hit its target of "70 percent pre-pandemic passenger flight capacity levels... by the end of 2023".