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‘Vastly Disappointing’ Retail Sales Underline China Deflation Threat
The Chinese consumption impulse registered an apathetic 3% for last month in key data out of Beijing on Monday.
"Apathetic" is probably too polite, or anyway not emphatic enough. So, allow me to emphasize: This was a disappointingly tepid result.
Who could've predicted such a poor showing? Not economists. The answer to that question is not economists, who collectively expected retail sales growth across the world's second-largest economy to come in at around 5% for November versus the same mon
This is an obvious outcome – very Communist, very Republican,. Both these groups KNOW HOW TO MAKE THINGS. Getting the thing that you make the right size or appealing is another issue. This is why Trump loves devaluation (he just has to stop bragging). This is why Deng Xiaoping invited in the big capitalist consumer companies to teach them how to make a successful economy – (simplistic yes, successful, WOW). Devaluation, more outside – non-Communist outsiders – are the answer. Attracting capital does not take a strong currency – look at the U.S.