China on the Brink of Deflationary Collapse?!?!

#cpi #deflation #inflation #economy

China's CPI was published earlier today (August 9, 2023) and it came out -0.3% year on year for the month of July.

The Western mainstream press and economists are portraying this as the Chinese economy falling into deflation but I will try to prove to you that it is not the case.

The Chinese economy is not growing as fast as it used to about a decade ago but it is not in danger of falling into a deflationary trap either in my opinion.

The FT's view of China's CPI and its economy: https://archive.ph/eknL0

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