The figures speak for themselves: consumer prices in China are similar to producer prices. This is good for consumers, but a disaster for the banking system, which, as we know from the fiat system, is dependent on rising prices in order to be able to roll over existing debts into the future and keep the credit engine running. It can therefore be assumed that the Chinese will have to accelerate what they have already done and announced in recent weeks, namely further expand the money supply.
85 sats \ 2 replies \ @Undisciplined 21 May
This is good for producers, though, right?
Their input costs are declining, while final goods' prices are flat. That should mean higher profits.
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54 sats \ 1 reply \ @TomK OP 21 May
I don't know if You see commodity prices rising, pressure on consumer prices, too... looks like margins are suppressed
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42 sats \ 0 replies \ @Undisciplined 21 May
It looks to me like producer prices are down about 2.5% while consumer prices are stable.
Although, I didn't notice that the scales are dramatically different for the two measures. That pandemic PPI spike way more than offsets the more recent dip.
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75 sats \ 18 replies \ @Satosora 21 May
I was reading somewhere China doesnt like Japans yen losing value because it hurts their trade.
Import or export, I cant remember.
Why dont they just keep in their lane?
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52 sats \ 13 replies \ @freebookspls 21 May
The whole chinese thing is not keeping in on their lane, but constant expansion of influence and territory.
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75 sats \ 12 replies \ @Satosora 21 May
They have so much they can already expand on.
WTF do they need any more?
At least make life better for the people first.
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52 sats \ 11 replies \ @freebookspls 21 May
Why would they do that? In which way the Comunist Party of China benefits from helping their population for good?
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10 sats \ 7 replies \ @TomK OP 21 May
Don't forget that the deal was always: we provide for prosperity and you all give us your sovereignty.
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10 sats \ 5 replies \ @freebookspls 21 May
That was never the case with CCP
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42 sats \ 4 replies \ @Satosora 21 May
I know, Pooh bear doesnt think people mean anything.
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10 sats \ 3 replies \ @freebookspls 21 May
Anybody with any power in china thinks the same. It's a CCP core value: the Party above everything else. People are just tools to achieve the Party''s goals.
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0 sats \ 0 replies \ @Satosora 21 May
I dont think there was ever a deal...
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0 sats \ 2 replies \ @Satosora 21 May
Ways change, they need to adapt with the world.
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10 sats \ 1 reply \ @freebookspls 21 May
They have a tight grab on power and are expanding their influence over africa and south america and oceania.
Xi Jinping's goal is to make a modern day silk road and control commerce world wide. Their population was never a priority, and will continue to be neglected in the next decades.
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0 sats \ 0 replies \ @Satosora 21 May
Its suffering now with the massive distribution of men to women.
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10 sats \ 3 replies \ @TomK OP 21 May
yes, the Chinese are in the middle of a currency competition as major exporters on the world markets. Japan has always been the direct competitor.
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42 sats \ 2 replies \ @Satosora 21 May
I think it would be better for them just to focus on themselves.
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10 sats \ 1 reply \ @TomK OP 21 May
That would be nice. But....
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42 sats \ 0 replies \ @Satosora 21 May
They always seem to put their fingers into everything and fumble stuff around.
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