China slows down
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Chinese Deflation: Implications and Challenges
This chapter explores the issue of Chinese deflation, analyzing various indicators such as inflation, exports, and property sales. It discusses the economic challenges faced by China, including a slowing economy, lack of consumer confidence, high savings rate, and absence of a robust safety net. The hosts also discuss the potential impact of Chinese deflation on the global economy and suggest a shift towards a consumption-led economy for long-term benefits.
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