SHENZHEN, CHINA – MARCH 09: View of high commercial and residential buildings on March 9, 2016 in Shenzhen, China. General economic slowdown continues in China while the property price and stock bubble faces risk. (Photo by Zhong Zhi/Getty Images)Zhong Zhi | Getty Images News | Getty ImagesChina’s economic challenges have given rise to deflationary pressures that present a global concern and are likely to accelerate in the coming quarters, according to economists.Beijing’s deteriorating economic fundamentals have become starkly apparent in recent months, with July’s data broadly missing expectations and the National Bureau of Statistics suspending its publication of youth unemployment figures as numbers soared to record highs.Credit data for July also showed a slump in borrowing demand from businesses and households and problems have persisted in the country’s massive real estate sector, with once-healthy developer Country Garden on the brink of default and heavily indebted property giant Evergrande Group fi …
