Read More… from Deflation in China: The spillover effects for global markets
Deflation in China: The spillover effects for global markets
China’s economy has flourished over the past few decades, with GDP growth averaging nearly 10% annually. However, after the pandemic, the country’s economic rebound has proven weaker than expected due to factors including low consumer confidence, a housing slump and mounting local government debt, which has risen to 92 trillion yuan or $12.8 trillion. […]
