China has slipped into deflation as consumer prices declined in July for the first time in more than two years.

Already, for 10 straight months, the wholesale prices businesses pay to factories and other producers have been down from a year earlier. Real estate prices too, have tumbled.

Lim Tai Wei, Adjunct Senior Research Fellow at the National University of Singapore's East Asian Institute shares his insights on how that's amplifying pressure on the government to revive demand and the impact China's deflation has on other economies.

Presented by: Lynlee Foo

This podcast is produced and edited by Yeo Kai Ting (ykaiting@sph.com.sg)