New Delhi, Oct. 28 -- Much of the world is facing inflationary pressures stemming from the West Asia crisis. But China's inflation remains stubbornly below the government's 2% target. While China's strategic oil reserves have cushioned some energy price shocks, it's deeper structural weaknesses that have continued to fuel disinflation. Sluggish domestic demand, a prolonged real estate slump and persistent industrial overcapacity are weighing on prices. Prolonged price declines risk triggering a vicious cycle, as households postpone purchases and businesses defer investment amid weakening demand. The consequences could extend beyond China's borders, as cheaper manufactured goods and weaker commodity demand transmit disinflationary pressure...