You need a PLUS account to view this content. Try one month of PLUS for FREE.
Already have an account? log in
Xi Stares At Deflation
The Chinese economy is in trouble.
You already know that, so I won't dwell too long on it, but I felt compelled to mention the latest CPI data out of Beijing because it underscored the risk of outright deflation for Xi.
Consumer price growth in China has teetered on the brink for months, and figures released on Friday suggested the malaise continued in December, when headline CPI slipped 0.3%, the third consecutive decline.
Not since 2009 have consumer prices fallen on a YoY basis for three
