Campfyre
  • Communities
  • Create Post
  • Create Community
  • heart
    Support Lemmy
  • search
    Search
  • Login
  • Sign Up
schizoidman@lemm.ee to World News@lemmy.mlEnglish · 8 个月前

China's Xi Jinping asked 'What’s so bad about deflation?' amid economic slowdown, report says

fortune.com

external-link
message-square
40
fedilink
  • cross-posted to:
  • [email protected]
83
external-link

China's Xi Jinping asked 'What’s so bad about deflation?' amid economic slowdown, report says

fortune.com

schizoidman@lemm.ee to World News@lemmy.mlEnglish · 8 个月前
message-square
40
fedilink
  • cross-posted to:
  • [email protected]
China’s Xi Jinping asked ‘What’s so bad about deflation?’ amid economic slowdown, report says
fortune.com
external-link
“Don’t people like it when things are cheaper?” Chinese President Xi Jinping reportedly asked his advisers.
  • scarabic@lemmy.world
    link
    fedilink
    English
    arrow-up
    1
    arrow-down
    4
    ·
    8 个月前

    While it’s good data to see, I’m always suspicious of celebrating the fact that people have gone from earning $2 per day to $5 per day as “eradicating poverty.”

    • Cowbee [he/they]@lemmy.ml
      link
      fedilink
      arrow-up
      7
      ·
      8 个月前

      You can check the real wages and purchasing power parity, moreover more than doubling earnings is a large feat.

      • scarabic@lemmy.world
        link
        fedilink
        English
        arrow-up
        1
        ·
        8 个月前

        Could you point out the purchasing power data? It’s a 93 page report and I don’t see any heading on that in the table of contents.

        • Cowbee [he/they]@lemmy.ml
          link
          fedilink
          arrow-up
          2
          ·
          8 个月前

          Line goes up.

          • scarabic@lemmy.world
            link
            fedilink
            English
            arrow-up
            1
            ·
            8 个月前

            Line go up. But that appears to be a GDP graph, not a chart of purchasing power. Am I missing something?

            • Cowbee [he/they]@lemmy.ml
              link
              fedilink
              arrow-up
              2
              ·
              8 个月前

              This is adjusted for PPP, Purchasing Power Parity.

World News@lemmy.ml

worldnews@lemmy.ml

Subscribe from Remote Instance

Create a post
You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: [email protected]

News from around the world!

Rules:

  • Please only post links to actual news sources, no tabloid sites, etc

  • No NSFW content

  • No hate speech, bigotry, propaganda, etc

Visibility: Public
globe

This community can be federated to other instances and be posted/commented in by their users.

  • 441 users / day
  • 1.33K users / week
  • 3.7K users / month
  • 11.6K users / 6 months
  • 2 local subscribers
  • 37.5K subscribers
  • 12.7K Posts
  • 102K Comments
  • Modlog
  • mods:
  • AgreeableLandscape@lemmy.ml
  • Rumblestiltskin@lemmy.ml
  • Jack.@lemmy.ml
  • zephyreks@lemmy.ml
  • OurToothbrush@lemmy.ml
  • BE: 0.19.7
  • Modlog
  • Legal
  • Instances
  • Docs
  • Code
  • join-lemmy.org