Plunging pork prices in China are pushing the world’s second largest economy closer to deflation, in what could be another blow to its faltering economy. A pork glut drove retail pork prices in China down 31.8% in November compared to a year ago, the latest official consumer price index showed. And the tumbling prices of pork, which has an outsized weighting in China’s CPI, could add to the deflationary risks the country already faces, analysts who spoke to CNBC said. Deflation — associated with the decline in prices of goods and services and a sign of a weakening economy — is concerning because consumers may ... (full story)