China Can’t Shake Deflation Demon
Guess what? China still has a domestic demand problem. And the deflation demon's not banished.
That was the overarching takeaway from consumer and producer price data released on Wednesday.
Admittedly, these figures can feel monotonous. It's the same general message month after dullsville month: The drag from China's years-long property crackdown is contributing to a generalized malaise among Chinese consumers whose joie de vivre never really recovered from Xi Jinping's draconian pandemic prot
Tangentially related:
I’m curious if, in the course of your research about China, you have come across anything about the CRE market. I live in the “suburbs” of one of the major cities here, and for all the empty apartment buildings people talk about (and there are a lot), there are just as many or more empty/half-completed/under-construction office buildings.