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Doncarlo
TLDR News Global
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Comments by "Doncarlo" (@doujinflip) on "" video.
You take China’s official numbers at face value?
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Deflation isn’t a price correction. It’s a doom spiral of falling prices begetting falling purchases begetting falling paychecks.
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That’s if you believe their official numbers. Independent estimates put China’s productive growth at or under zero.
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A stalled economy is politically hazardous for Communist China, because unlike democracies there’s no peaceful method of changing the government cohort who got them there.
1