China, once juggling numerous economic endeavors, now sees them all falter…

Sharing is Caring!


www.cnbc.com/video/2024/02/05/china-had-20-plates-spinning-and-they-are-all-crashing-right-now-says-hayman-capitals-kyle-bass.html

China’s deflation problem keeps getting worse
In the latest sign of the country’s worsening deflation problem, fresh data showed consumer prices in China tumbled in January at the sharpest rate in 14 years.

The National Bureau of Statistics attributed the deflation numbers to floating holiday effects, given that Lunar New Year occurred in January 2023 versus this year’s February date, though the figures suggest potential spillover for the global economy.
www.msn.com/en-us/money/markets/china-s-deflation-problem-keeps-getting-worse/ar-BB1hZw8r?ocid=msedgdhp&pc=EDGEXST&cvid=6e7b8122005549349b9e39b5a0d58108&ei=20

See also  Across China, multiple indicators of social stress are flashing red as weakness in the economy takes its toll.
Views: 224

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.