World News@lemmy.worldEnglish · 8 days ago

China's Xi Jinping asked 'What’s so bad about deflation?' amid economic slowdown, report says

fortune.com

116

cross-posted to:
worldnews

198

China's Xi Jinping asked 'What’s so bad about deflation?' amid economic slowdown, report says

fortune.com

schizoidman@lemm.ee to

World News@lemmy.worldEnglish · 8 days ago

116

cross-posted to:
worldnews

China’s Xi Jinping asked ‘What’s so bad about deflation?’ amid economic slowdown, report says

fortune.com

“Don’t people like it when things are cheaper?” Chinese President Xi Jinping reportedly asked his advisers.

cross-posted from: https://lemm.ee/post/51182148

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BlackLaZoR@fedia.io
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8 days ago
I can tell you what. States like Japan and USA running budget deficit for decades managed to build 120-260% debt to GDP ratio. This will collapse the entire economies if currency starts deflating

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