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China Pushes Itself Into a Deflationary Corner

Por: MarketWatch Business November 16, 2023

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“China has become a global disinflationary force,” confirms Larry Hu, chief China economist at Macquarie Group. The yuan is partly responsible: It is down 3% against the dollar over the past 12 months. Internal also contributed. Manufacturers geared up for a stronger than has materialized, leaving overcapacity, which they are relieving by discounting abroad. Xi and Co. have kept their foot on the supply gas, despite lackluster demand. “The... + full article



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