China's Deflation Persists as Prices Remain Flat; IMF Cuts Growth Forecasts Amid Property Crisis

China's consumer price index was unchanged in September from a year earlier, missing forecasts and showing persistent deflationary pressure.

Producer price index fell 2.5% in September, extending declines into the 12th straight month.

Food prices dropped 3.2% from a year earlier, weighing on consumer inflation.

IMF lowered China's growth forecasts for 2022 and 2023 due to property crisis and weak external demand.

China's "Big Four" state banks announced stake increases by parent Central Huijin to boost investor confidence.