China’s action looks confusing because the vast bureaucracy under Xi confused. Xi may or may not actually think deflation is not bad, but what are the chances he is being warned about a possible deflationary spiral by his underlying, who are more likely to shut up than sticking out their necks.
China’s action looks confusing because the vast bureaucracy under Xi confused. Xi may or may not actually think deflation is not bad, but what are the chances he is being warned about a possible deflationary spiral by his underlying, who are more likely to shut up than sticking out their necks.
China’s action looks confusing because the vast bureaucracy under Xi confused. Xi may or may not actually think deflation is not bad, but what are the chances he is being warned about a possible deflationary spiral by his underlying, who are more likely to shut up than sticking out their necks.