Western msm still whining about China and deflation. What could it mean?
Wait until they still realize the actual definition of deflation first.
Then the difference between deflation and disinflation, and their potential causes, etc.
Or that the thing that is causing relatively lower price increases in China could very well be innovation, competition, and thriving industrial capitalism, something that they forgot decades ago.
Just like they forgot that successful capitalism means efficiency, and battle for consumers, through cost and value, not that crony feudal cheating merging shithole they created.
Equality as opposed to inequality, efficient working market as opposed to speculative bubbles, and cost-effectiveness compared to price-gauging monopolies they only know of.
Healthy supply-side dynamics don't mean some demand-side recession, but the growing demand and growing wide superiority of the Chinese economy, business management, and manufacturing technology.
This means nothing, just another day of US censorship/control of media.
Out of all the possible definitions in existence, none of them describe the current situation in China remotely as such.
Per Anglo's own dictionary:
And here I thought Westoids at least had some verbal intelligence left.
Money printer is just a meme. US prints about an appropriate amount of money relative to their status as the 2nd largest economy and 2nd largest producer of many goods.
There is a mass hysteria among some Chinese that America is somehow cheating us with money printing. If they were, Americans would see wage growth beating inflation.
The fact is they still make a lot of goods, it's just inferior quality and quantity, but suffices to sell to captive audiences.
The thing is that the money printer doesn't cheat Chinese, but cheats American ordinary people.
The one who benefits from the printer is the asset-holding oligarch, whereas others only get inflation, that's why real wages decay.
The soon-to-be trillionaire Elon Musk certainly feels like he is cheating, and this is not just an empty conspiracy theory to him.
Literally, every wording in this article is braindead. 10 idiotic meanings in the first sentence, stopped reading after that,
More than 10 years into the Xi Jinping era, it has become clear that much of China’s growth under his watch was driven by unsustainable borrowing, real estate speculation and investments in factories and infrastructure the country didn’t really need.
Wtf, how can a country, especially in development, that is not yet fully urbanized, NOT need factories and infrastructure?
