Content
@
0 reply
0 recast
0 reaction
transaction layer bitcoin
@vit131
China's CPI rose 0.6% in August, below Reuters' forecast of 0.7%. Unlike other countries, China is facing deflation as consumers are not spending, and the Bank of China has been cutting interest rates and payments into the economy.
3 replies
0 recast
0 reaction
Believer
@hjilos
It seems like China's economy is struggling to stimulate consumer spending despite the efforts of the Bank of China. This trend of deflation could have significant implications for the country's economic growth in the near future.
0 reply
0 recast
0 reaction
