China Dares Deflation

The startling Producer Price Index figures that emerged from China Wednesday may presage even more startling consumer price index figures Thursday. The result may be what was unthinkable as late as two months ago: China could follow Japan into deflation, especially as the Lunar New Year approaches and China's consumers traditionally pay their debts and stop spending in order to ensure a prosperous new year.

Read →

Comments on this post are for paying subscribers