Consumer prices in China grew barely 0.1% in December compared to a year before, marking the fourth consecutive month that price increases have slowed down. This raises the threat of a deflationary spiral which would further damage the country’s economy. The Chinese government has made boosting domestic consumer spending its top priority for 2025. Also in this edition, we look at the economic incentives behind Mark Zuckerberg’s decision to get rid of third-party fact checkers.