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World News@lemmy.worldEnglish • 4 months ago

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

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

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World News@lemmy.worldEnglish • 4 months ago

cross-posted to:
worldnews@lemmy.ml

"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
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4•4 months 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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