Although China's CPI data in August turned from negative to positive, the inflation rate of 0.1% is still very low, indicating insufficient aggregate demand. Declining exports and restricted consumption and investment demand are both causes and reflections of insufficient demand. In the long run, deflation is a high probability in the context of the new Cold War. There are also countercyclical measures in the policy toolbox, such as disbursing money to residents, issuing national bonds, and rural land reform, which can boost domestic demand.


But this all means deepening reforms, retreating the state and advancing the people. For our party that emphasizes national security and stability above all else, these requirements are too high.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)