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Author and J Capital Research co-founder Anne Stevenson-Yang has warned the world to brace for deflation, as China's economy is about to crash. As Xi Jinping's communist regime is still pushing for a zero-Covid policy and inflation gallops around the world, China has seen its exports crumble, driving goods prices down. After two years of rapid economic growth in 2020 and 2021, China’s export market is experiencing a dangerous decline.
Speaking to ABC News, Ms Stevenson-Yang said: "So, my base case for China, I think that the Chinese economy is really going to through a crash. I think that China is going to spew deflation into the world pretty soon, like along about the third quarter of this year."
Lockdowns within China, the West’s waning economic power and the emergence of competitors are all factors contributing to China’s deflation – a gradual decrease in goods’ prices.
While assets and prices decrease over time, buyers’ purchasing power increases. This economic phenomenon goes contrary to inflation, which has the opposite effect – increasing prices in the economy and reducing buyers’ purchasing power.
https://www.express.co.uk/news/worl...ecession-world-threat-vn#conversation-wrapper
Author and J Capital Research co-founder Anne Stevenson-Yang has warned the world to brace for deflation, as China's economy is about to crash. As Xi Jinping's communist regime is still pushing for a zero-Covid policy and inflation gallops around the world, China has seen its exports crumble, driving goods prices down. After two years of rapid economic growth in 2020 and 2021, China’s export market is experiencing a dangerous decline.
Speaking to ABC News, Ms Stevenson-Yang said: "So, my base case for China, I think that the Chinese economy is really going to through a crash. I think that China is going to spew deflation into the world pretty soon, like along about the third quarter of this year."
Lockdowns within China, the West’s waning economic power and the emergence of competitors are all factors contributing to China’s deflation – a gradual decrease in goods’ prices.
While assets and prices decrease over time, buyers’ purchasing power increases. This economic phenomenon goes contrary to inflation, which has the opposite effect – increasing prices in the economy and reducing buyers’ purchasing power.
https://www.express.co.uk/news/worl...ecession-world-threat-vn#conversation-wrapper
