China’s deflation to sprial further | World Business Watch | WION News
Signs of a downward spiral of deflation in China’s economy is emerging. This casts doubt on the future of the world’s second-largest economy and prompts demands for swift intervention. While wages are falling, data released on Monday showed that consumer price increase was almost nonexistent through much of the economy, with the exception of food prices. Bloomberg economics and experts at BNP Paribas predict that the gross domestic product deflator, a more comprehensive indicator of economic prices, would likely continue its current five-quarter decline until 2025. That would be the longest period of deflation in china since data tracking started in 1993. It’s a cycle the world has seen before in japan, starting in the 1990s during a period that came to be known as its “Lost decades.”
#china #economy #japan
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18 Comments
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Great for Chinese consumers 😅lol unlike India and America
14:21 lndia must always remember that the gap in wealth, economic power and military strength between China and India is even greater than the gap in Olympic gold medals.
China: Gold: 40, Silver: 24, Bronze: 29
Hong Kong, China: Gold: 2, Silver: 0, Bronze: 2
India: Gold: 0, Silver: 0, Bronze: 5
If many nations like Russia, India, China, Central Asia, Middle East, Asean, Africa and Latin America combine their currencies into a common currency and US impose tariff on many nations, I think US economy will collapse plus US dollar will drop and US debt problems will explode
Lucifer is about to collect. As history shows, when Nations are in decline, they go to war. Don't be like Putin who started a war even though Russia wasn't in decline. If Russia, didn't invade Ukraine, many countries would be supporting Russia by now Economically. To be outsmarted by Joe Biden is humiliating. He can blame Zelensky all he wants but it was Joe Biden doing the sabre rattling. Sloppy Joe wins.
The Congressional-Executive Commission on China (CECC) hosted a hearing on March 20, 2024: “Stopping the Crime of Organ Harvesting—What More Must Be Done?” Four witnesses testified during the hearing and provided detailed action that can be taken to end forced organ harvesting by the Chinese Communist Party (CCP).
The Congressional-Executive Commission on China (CECC) held a hearing on March 20, 2024 to stop forced organ harvesting in China.
CECC Chair: “An Atrocity Unmatched in Its Wickedness”
Chris Smith, U.S. Representative and Chair of CECC, started the hearing by highlighting its significance, “It is an important hearing, one which addresses one of the most persistent, horrific human rights abuses of our time, but sadly, one which has not received the widespread attention and condemnation it deserves.” He’s previously held two hearings in the U.S. Congress and said organ harvesting is unimaginable and unacceptable.
U.S. Representative and CECC Chair Chris Smith hosted the hearing on March 20, 2024.
Citing previous findings in 2019 from the China Tribunal by Sir Geoffry Nice, Smith said the tribunal concluded “unanimously and sure beyond a reasonable doubt—that in China forced organ harvesting from prisoners of conscience has been practiced for a substantial period of time, involving a substantial amount of victims.” More specifically, the main victims were Falun Gong practitioners and Uyghurs.
“Forced organ harvesting on an industrial scale in China is an atrocity unmatched in its wickedness,” Smith explained, adding, “The numbers of those executed for their organs—some even before they are brain dead—is staggering.” That is why the China Tribunal considered the state sanctioned forced organ harvesting in China “Crimes Against Humanity.”
About a year ago, the House of Representatives passed the Stop Forced Organ Harvesting Act by an overwhelming 413-2 vote, and Smith called for the “Senate to bring the bill across the finish line. That landmark and bipartisan legislation authorizes the Secretary of State to deny passports and visas to any individuals involved in illegal organ trafficking—in China and globally.” Furthermore, the bill mandates annual reporting by the State Department on forced organ harvesting globally, and authorizes sanctions for individuals and entities that facilitate organ harvesting.
“Silence is unacceptable—particularly from medical associations and corporations. If they remain silent, they are the most at risk of complicity in a crime against humanity,” concluded Smith, adding, “If we don’t act now, many more lives will be lost.”
check out these Chinese cities , signs of a downward spiral recession
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Lol it's recession 😂😂😂😂…
China in Russia helps the words ❤❤❤❤❤❤❤
deflation 😂😂 means they can buy more
Since last 2 decades China had grown tremendously and hit its upper ceiling, the growth was such that every middle class family was owning 2 homes, so its very normal to have deflation at present.
Deflation means that Chinese no longer want to buy expensive European/American luxury goods 😂
Middle finger for Europe and USA
China and Russia have deflation and Euro dont have it Russia growing economy Better than German and USA
Do not do business with China, they are thieves and they did not follow international law
Shanghai GDP 4.47 trillion..
india GDP 3.95….
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To spiral, not to spiral
China knows what they are doing. They could panic and hit the ZIRP button if they wanted. They could intervene, defer, everything the FED would do but they aren't? Why not? IMO they are positioning themselves for their world domination during the next decade. Let the USA throw gasoline on their fiscal policy while they ultimately position themselves to blow past the USA by 2030