World News@lemmy.worldEnglish · 6 days ago

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

fortune.com

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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 · 6 days ago

128

cross-posted to:
[email protected]

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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6 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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