China's Economic Woes Deepen as Deflation Takes Hold China is facing a deepening deflationary spiral that threatens to significantly impact its economy. Consumer prices are barely growing in many sectors, and the GDP deflator is expected to continue declining into 2025, potentially marking China’s longest period of deflation since records began. This situation is exacerbated by falling wages and weak demand, leading to concerns about a cycle of reduced spending, decreased corporate revenues, and further wage cuts. The scenario draws parallels to Japan’s “lost decades,” raising alarms about the long-term economic consequences. Despite official reluctance to acknowledge the issue, some prominent figures, including former central bank governor Yi Gang, are calling for immediate policy action to address the deflationary pressures. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts BHP Plans Sale of Brazilian Copper and Gold Mines READ MORE Fed's Hesitation on Rate Cuts Sends Oil Markets Downward READ MORE Nvidia Faces $900 Billion Loss Amid AI Investment Uncertainty READ MORE Asahi vault 30 miles outside NYC added to COMEX approved vault list READ MORE Silver Poised for Major Breakout: Key Levels to Watch READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment