World News@lemmy.worldEnglish · 12 days ago

China's Xi Jinping asked 'What’s so bad about deflation?' amid economic slowdown, report says

fortune.com

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China's Xi Jinping asked 'What’s so bad about deflation?' amid economic slowdown, report says

fortune.com

schizoidman@lemm.ee to

World News@lemmy.worldEnglish · 12 days ago

114

cross-posted to:
[email protected]

China’s Xi Jinping asked ‘What’s so bad about deflation?’ amid economic slowdown, report says

fortune.com

“Don’t people like it when things are cheaper?” Chinese President Xi Jinping reportedly asked his advisers.

cross-posted from: https://lemm.ee/post/51182148

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JWBananas@lemmy.world
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11 days ago
If they still have a paycheck, sure. But historically, deflation leads to unemployment.
- Pacattack57@lemmy.world
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  11 days ago
  Yes. That is caused by corporate greed. Not deflation.

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