China has a deflation problem. That's good news for the West

China's consumer price index fell 0.5% in November from a year ago, the worst drop since the pandemic.

But that's good news for the West, which could "import" some of that deflation back home, analysts say.

"China's deflation problem could be a welcome dis-inflationary restraint for the 'West'."

China is seeing prices head down again as its economic difficulties persist, but Beijing's woes could be wins for the West, analysts say.

That's because China's deflationary trend could create a drag on prices that run hotter than desired in places like the US.