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- เผยแพร่เมื่อ 8 ส.ค. 2023
- China's imports and exports fell more sharply than expected last month as weaker global demand threatened the recovery prospects of the world's second-largest economy.
Official figures show that exports fell by 14.5% in July compared with a year earlier, while imports dropped 12.4%.
The grim trade figures reinforce concerns that the country's economic growth could slow further this year.
It will increase pressure on Beijing to help boost the post-pandemic recovery.
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#China #Economy #BBCNews
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One major factor was left out is that we are seeing global inflation. I saw it in the news that most countries are all competing for parts , products food etc. Even nations that managed their rates better are seeing major issues. The glut of money was an issue sure, but the surging demand from nation that re-opened from covid lockdowns played a larger role. Add to this pandemic-related staffing issues and the intentional global oil supply problems and its a nightmare. I known the intention was to explain inflation but that doesn't do justice to the current inflation on a global scale.
People are really working hard and there is little or nothing to show for it. everybody is basically working to sort out one bill or the other no savings.
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire..
Well agreed, you know it was way easier to navigate the financial market up till 2020, ever since it’s been dip over dip, I had to source for a certified financial advisor known as John Desmond Heppolette, to revamp my entire investment portfolio in order to hedge against inflation. It’s been over years following his guidance and I’ve grown a $370k account to almost $2.5m thus far.
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As a foreigner who lived through the entire duration of zero covid for the past 3 years in China, this is by far the most objective commentary I’ve seen on TH-cam to date. Economists and business leaders are voicing concerns at the start of 2023 that the year could be a difficult one. JPMorgan Chase & Co. Chief Executive Jamie Dimon said Tuesday that the Federal Reserve may need to raise interest rates to 6% to fight inflation, higher than the peak level between 5% and 5.5% in 2023 that most Fed officials penciled in after their December meeting. Although I read an article of people that grossed profits up to $500k during this crash, what are the best stocks to buy now or put on a watchlist
Emotionally-charged decisions to sell off large quantities of stocks or other investments now lock in your losses, removing any chance for future growth.
A 2020 Northwestern Mutual study found that 71% of U.S. adults admit their financial planning needs improvement. However, only 29% of Americans work with a financial advisor.
Very true, a huge part of my portfolio growth has come during this bear market. I've been able to scale from $180K to $572K in a short period of time. I basically was just following the steps and guideline from my financial advisor. as long as you've professional help, you're good to go
Mind if I ask you to recommend this particular coach you using their service? Seems you've figured it all out.
Well i won't say i have...Her name is ‘Catherine Morrison Evans’ can't divulge much. Most likely, the internet should have her basic info, you can research if you like
It's interesting to learn more about the discussions and proposals around BRICS nations and their potential use of gold. There are several reasons why people may choose to buy gold, including its historical use as a store of value and means of exchange, its potential as a hedge against inflation or currency devaluation, and its relative scarcity compared to other commodities.
Additionally, gold can offer diversification benefits to investment portfolios, as it tends to have a low correlation with other asset classes like stocks and bonds. However, it's important to note that investing in gold carries risks and may not be suitable for evervone. and investors should carefully consider their investment objectives, risk tolerance, and financial situation before making any decisions
However, it is unclear how a new currency backed by gold would function in the current global financial system and whether it would gain widespread acceptance. Ultimately, any decision to create a new currency would be subject to numerous economic, political, and logistical considerations.
Investing in gold is a reliable choice, and I plan to keep buying more to make up for my losses. While silver is also a good investment, my collectibles are not as similar. It's important to have clear investment goals and educate yourself on the type of investment that interests you..
That is why I work with Colleen Janie Towe, who introduced me to a better financial community, a verified organization where I learned how investing works and how to invest proficiently, as well as free books, courses, and daily lectures. You also get to meet new people, which was the best decision I ever made..
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Deflation is usually worse than inflation. High unemployment leads to lower spending, result in cutting prices, which cause deflation. This leads to lower profit for companies which lays off even more people, which results even lower spending... It's a vicious cycle downward where both companies and people lose.
Yes. Japan experienced this in the 1990’s and its effects are still being felt.
Caused by government regulations and other socialist policies, the free market china had in 1990-2016 was amazing 👏🏻 when I lived in mainland China it was great, it made Europe look like a socialist shithole but unfortunately now their economy is stagnating like Europe, atleast they have some infrastructure there that is quite developed
No necessarily. There is also stagflation
@@p.h.3987No. China’s economy is endangered. Its population is minimizing debt instead of maximizing revenue & profit. No growth. No innovations.
@@willdejong7763
Every economy goes through a "bust and boom" cycle; people talk about Japan's deflationary decade, but so what? Japan experienced its best economic expansion since 1950, when occupied Japan returned to independence. From 1950 to 1993 it's like 43 years of expansion... what will happen...but 43 years no country can repeat this! If you want to be a real economist.
As far as inflation versus deflation is concerned, nothing lasts forever, and China experienced “negative” population growth last year; for the first time since 1962, when the population was smaller than the year before.
Summary: Both Japan and China have had the longest economic expansions = Japan is among the top 25 income countries in the world, but small and earthquake-prone; while China has lifted some of its people out of poverty = record 43 years , longest expansion ─ Japan; 30 years of China = achievement only pundits/countries (including Elon Gates) talk about but not done.
Regards,
Very true. Currently the biggest problem is the housing industry. Chinese government take selling the land to the developer as their biggest income. The price for housing has been inflating in the past 20 years. Regular Chinese young people can no longer pay for the expensive housing, and don't even want to consume anything except for daily necessities. This is why the country is facing the deflation. To solve the problem, Chinese government should improve the salary and the social security system for the people. But it's impossible because all the money have flown to the rich and the governors.
BBC 🐑
If they raise wages, Companies will pull out and move to another country to set up factories.
China is facing what the west had to go through decades ago when factories moved to China.
Talking out your backside, no one in China can buy or own land. All land is either subject to government ownership or collective municipal ownership.
@@FoodwaysDistributionthus making it worser, and damaging value of Realestate even more for masses as masses truly DONT EVEN OWN THE LAND
if you ever heard of social credit system china has, then you will realize that it's not salary and security system is the problem. the problem is their centralization development. this happens in almost every nation. no matter how good the rate of improvement a city has, it always has a limit. take example of japan and china, how their main cities growth being pushed over the last couple of decades and now they're stuck leaving demographic problems. cities and rural area needs to be worked out at the same time so if one is slowing down, the other can bring more options
Deflation occurs as a side effect of people not having enough money to spend on things.
是的 中国大部分人是穷人
As a Chinese, not exactly . Most of Chinese live the good life beyond the poverty line
That's inflation
@@harrtybb yes it is . Inflation increases prices .. did u get education in twitter trailer
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I really don't think the prices are dropping except for the housing price. Housing price has definely significantly dropped, even halved, but most consumer products are still maintained at a very high price and showing no sign of dropping.
That’s true. Living cost is higher than before and it’s against the deflation’s definition.
You should've seen Singapore's massive inflation on HDB flats. 700K just for a 2 room flat. Like WTF is going on!? >:O
@@JackyMan22not crazy, half the price comparing to Palo Alto, California
No Robloxian. -_-) *ka-chuck*
@@JackyMan22 If fools are prepared to pay stupid high prices, then sharks are going to sell to them. But once inflation hits and the value of money falls, the fools will be the ones who will be laughing.
Well he got to the point, unlike politicians spewing out bs.
I like how BBC won't talk about their inflation or how Ukraine counter offensive is going badly. So they make up a story to distracted us with.. Deflation! 😂
Refreshing to see a competent person on the TV these days.
Thanks for posting.
Forbes, in a recent piece, put some long term perspective on it: _'The three largest employers in China are the oil and gas industry, the aerospace industry and the Mining industry. By comparison the three largest employers in the United Kingdom are Sainsbury's, Tesco and the NHS.'_
Here in Beijing we are not aware of the drop in CPI. I wish all he said were true, but things are still expensive or even more than they were a year ago.
Yes besides estate assets, the consumption cost is very high now so Purchase power has dropped which means demand has dropped sadly
So this deflation thing is true or not?
@@HOLYLEAGUE Just look at the raw data for yourself and decide. It's easily accessible through google
@@HOLYLEAGUE true ,here in Shenzhen. But I don't see so big problem here. I like the deflation since everything become cheaper. We still have huge millionairs in China.
中国有存钱的习惯
Watch CNN and hear a host speaking with a British accent. Watch BBC and there's a host speaking with a North American accent. Glad to see that global trade is still functioning.
Yes! But CNN only uses Brits to talk about the Ukraine war
It's called Western cronie Imperialism 👍🏿
@@pessi6185 Ahh yes, foreign people announcing the news is imperialism. I guess thinking is hard and parroting propaganda is easy.
@@SerBallister The News??? BBC???
You clearly don't know the difference between the News & propaganda 🤡
We want inflation when we have already bought a home and our income is keeping up with inflation.
We want deflation when we want to buy a home and we are living on income not keeping up with inflation.
What matters is having people in homes they can afford and an affordable economy.
What’s wrong with lifelong renting? Not like you can take your house to your grave anyway
是这样的，长期来看高房价榨干了年轻人的全部精力，导致低生育率和其他社会问题，长远上看更加危险。
@@ericli3360 Rent increase is bigger than salary increase. That's the main problem.
@@soldatinconnu1804 yes, we're talking about:
Hong kong
Singapore
China (shanghai beijing)
Japan
Korea
US (new york, la)
You don't really want deflation when you're buying a home because after you've bought it, it will decline in value and you will not be able to pay off mortgage as easily as when you could depend on property value appreciation
How can individuals spend the money if we just simple don't have cash in our hands????
Hasn't made it to Tamu, Shien, or Ali Express yet...
This guest really said it to the point.
It is a correction period for the economy to focus on more on innovation investment than on property market.
you forgot about family factor, in East we are taught to save 60% of our income and no matter how, when prices go up? we cut over spending!
So true asians enter panic saving mode when they see things aren't working out, they have a sense/premonition in predicting crisis and they are usually right, I smell a global economic crisis😢
It’s hard to buy houses everywhere in the world for younger people. The rate of interest raises significantly compared to salary wage throughout the years. I don’t think this problem only happens in China solely.
One house needed One point five million，The average salary is Five thousand，The leading rate is five percent，But I still love my country，Present Xi will lead us to success。But corruption is a big problem，Throughout chinese history。
@@user-pr1vr1gh7f换个城市生活，我在成都月收入2万多..买的房子100多万
lol@@user-pr1vr1gh7f
I will take deflation anytime. The reason why China does not experience inflation is because it did not print money at will during the pandemic like the "West" did. Also, China does not follow the US' manipulation of the US monetary policy, which purposely increases its interest rates and coerce other countries to follow, leading to many worsening economic downturns in countries such as the EU, Britain, Canada, and Australia. But unlike the EU, the US can stomach the negative impact of inflation because the US has been selling oil to the EU at 3X the normal price.
Lol are you serious? China is de facto KNOWN for currency manipulation. Also are you kidding with China not pumping money due to the pandemic when it pumped more than the equivalent of 5 trillion USD??
That’s the problem of not studying economics properly . I agree high inflation is bad . But deflation is worst . It’s like dominos effect . Deflation is worst for consumers if u understood economics well
Printing money would not solve deflation in a manufacturing country. Chinese will just exit the yuan for other medium of exchange or value like usd or gold. They still would not consume anything because now their pay is even worst as it is still in yuan. And they will lose jobs because their company products are not selling... and the cycle continues....
@@jayakishore565
don't worry, china will never experience extreme bursts like the US and Japan did. chinese economy is controlled by the government, any unwise market decisions, for instance like the irrationality of americans in regards to the housing market during the early 2000s, will be handled by the chinese government.
chinese government handle them seriously, they imprison greedy bank owners or they prohibit goods from being sold to people, and people won't complain or go to a rally or something or else they will be imprisoned.
whereas in america, the best that the gov't can do is warn people, they can have economic advisors and tell them to do their thing on tv, and people won't listen to them because of they're ignorance or because they just don't trust the government, they are either libertarian or it's just a republican-democrat thing.
it's not unlikely that extremely capitalist nations like US and Japan will experience similar bursts in the future. Europe is more conservative and therefore as better grip of their economy. they have more socialist economic policies and they also have more responsible and conservative consumers. they only experience these economic downturns recently because of politics, particularly: listening to america too much and antagonizing the big economic global players in the world (Brazil, Russia, India, China).
just listen to this, european countries just accept the sad reality that they would be spending 3x more on energy, oil, and fuel simply because america told them to buy from her instead of their adversary russia. and they keep sanctioning businesses and keep funding stupid and useless policies such as green policies and gender equality trash.
@@H_B_R I think it is easy to solve through austerity, just like the United States to hand out money
Threatening your primary customers with total annihilation and destruction is not a good way to strengthen your business or survival !
We have been aware of their attitude for several years and we are turned away from buying their products.
End of story.
It’s tough
Deflation is just as bad as companies won’t make money causing places to go bust
Nonsense, and not all companies are selling consumer goods.
They're talking about PPI as much as CPI, PPI is how much companies pay for input, lower input prices means higher profit....
@@xavdeman I run two business I can tell you Both businesses and individual consumers decrease spending as they cope with paying higher debts. Unemployment: When prices drop because of deflation, company profits fall along with them.
Also keep in mind If deflation continues for a prolonged period of time, businesses might need to cut costs by making workers redundant.
This was taken of the web but it happens so if your saying it isn't bad tell that to the staff made redundant he need to feed their families.
And than all lose their jobs.
in what area was deflation happening dont just sa in other parts of the world
Yaya Papaya, better than UK 2 digits inflation 💪💪💪💪 How dare you didn't make a comprehensive report in BBC motherland 🤔🤔🤔
their consumers are worried that they maybe a pay cut. most people are not ready to spend
They never spoke about the fact that inflation is coming down here and less than 12 months time will be in deflation territory as well.
deflation had a good and bad perspective...good is always to the consumers where of course they could spend their money on goods and services once unaffordable. The bad thing is a curse on those who had debt repayment either in property or stock up goods to sell. It will force them to sell below the suppose market price with a margin loss. Even worse is the bank loan on property purchase. Even everything got cheaper but loan value still remain at pre deflation level.
So your labor goes further, but your gambling may not pay off as well. Got it.
sounds good to me.
Nothing is worse than seeing your wages unable to keep up with the cost of living. Over the long run inflation will cause weaker consumer demand thus it is the most destructive economic phenomena known to man. There is zero benefit to inflation.
@@rizkyadiyanto7922 You like it until your employer begins to lay off people because the profit margin decreases due to the revenue shrink even though the same amount of commodities has been sold. The layoff further reduces the household income then reduce the spending of consumers then lead to further decrease in producer's revenues, then more layoff...vicious cycle begins. At first you like the steak price is reduced from $5 to $4, then suddenly you can't afford $4 now. That's the ultimate dark side of deflation.
Plus China would have to make new debts in a deflation. Something the CCP doesn't like to do
The question is that what about UK encomey ..
Enjoy your brexit induced poverty for the next 10 years
Trying to distract from our governments failing...wish we could be in china's position...low government debt and inflation...but then they don't do free market economics do they!!.🤔
exterior phenomenon of the China's economic growth, firstly looking at the property price, costum taxes and tariff, it's ain't match up with the Chinese income.
We could use. some falling prices here.
After 2 years hyper inflation, consumers throughout the world deserve a break, ie "Deflation".
Um this isn't globally specific, this is country specific. And deflation isn't a good thing.
UK banks are deliberately raising interest rates beyond what’s required specifically to CREATE deflation … Then the ‘only’ solution will be programmable CBDC money with a use by date.
Initially for benefits and pensions, then for loans. Eventually all ‘new’ money. Thus preventing the acquisition of wealth by anyone except by those authorised to do so.
@@TH-camGlobalAdminstratorhyper inflation in america isnt either.
I bought something the other day and noticed it was "made in china" and also noticed I could buy a different thing not made in china. So I returned the made in china thing. Just doing my part.
请加油 这样做的对 我是一个中国人 我支持你 我们现在过的很痛苦
@@user-if3yh4oh5c你在哪边工作？薪资咋样？
Good luck tossing other things out 😂
@@user-if3yh4oh5c為何痛苦？足下果為炎黃子孫同胞耶？抑或是天竺扶桑友人，嬉戱人間，搏大家一笑而已？
@@user-if3yh4oh5c 如果你在中国痛苦，只能说你本身就是一个弱者，中国拥有广阔的空间容得下努力和普通人，如果你活的痛苦的话，你去美国日本英国法国也一样是最痛苦的那一批，明白我的意思吗？
Please
Deflation only happens in countries that are extremely developed. Eg: Japan, Denmark
Japan took 20 years after saturating for deflation to hit. Not a few months.
You think China which is only 50% saturated has deflation??
Deflation never happens in a developing country.
Housing prices are dropping because of the massive housing reforms. These reforms don’t allow for speculative profit makers anymore. Therefore people will purchase homes 🏠 only for living and not in the hopes of selling it at higher rates.
China introduced these reforms because if not this bubble will burst in 2026 and cause major chaos.
The slow down in GDP is also attributed to this plus recession in foreign markets which reduced exports.
So please take this with a pinch of salt.
Do you see more Chinese immigrants or less??
If their country was doing bad, people would be leaving right?
Thank you.
good news: China has economical trouble,
bad news: the economical troubles in UK, Japan, EU, US are also impossible to be resolved,
A debt crisis looming becoming a currency crisis...
Isn't the anchor previously worked for DW News?
I don’t know about the deflation but in China u can get a Tesla Model Y for US $36000 before the negotiation.
I am an ordinary employee working in CN. My salary level is on par with the average in my city. Here, the cost of food and accommodation alone consumes half of my earnings. This means that even with an average salary, it's still quite low. Adding to this the gloomy economic outlook, I simply dare not engage in consumption.
TH-cam is available in China?
@@andrewjason3756 vpn
@@andrewjason3756 VPNs
@@andrewjason3756 why not😋
I was an ordinary working man and bought land and built my own house when I was young and when it was cheaper to do so, and now I grow my own food on the land at almost zero cost and live in the house rent free. So I guess I must now be a filthy capitalist.
I need to move
OT: Benny Hill considered funnier than Monty Python by two TV stations--WOR and WLVI.
First time in my life im hearing the word deflation.. So i am interested to know more about that. What are the factors leading to this sitauatiom.?
Who new some 70%+ of family wealth being tied to property/housing, and developers borrowing so much money to build more housing and then defaulting as rates rise, and using people's deposits to fund other projects and end up not finishing previous ones leaving ghost towns would go anything but well...
Infrastructure costs money long term. I've seen this thing in Greece, Italy, Spain, South Africa, Ireland, Cairo, Detroit, Russia, yet China still got done by it. Banks hand out money to citizens. Politicians get kickbacks from property developers, while the economy booms for ten years and everybody says "wow the Celtic tiger". Then the whole thing implodes, and the government is left with infrastructure it can't afford to maintain, and half finished buildings littering the landscape as a monument to lost dreams.
Dear BBC, a few decades ago someone came up with this thing that allowed you to quickly edit together content using a jog/shuttle controller. I think it might have involved tape too. The outcome was stories that didn’t waste the time of their viewers while also having structure. While I understand that humanity is sliding into the abyss, perhaps someone still knows how to edit and we could all be better off for it.
@@bonbin6053I’m not sure why a 5 minute video is too short to ramble. The interviewee repeats multiple times that the answer was in the opening piece.
The whole world has already known Western US, UK media love to exaggerate negative things about China.
I noticed for the last 20-plus years, Western media has been reporting that China's economy is in bad shape and that India's economy most of the time is in a positive trend. But today, China's GDP is almost 6 times larger than India's.
It's something difficult to swallow ......
wait... As a person living in China right now , I feel like the living cost here is rising, everything is becoming more expensive so I do not think it is a deflation.
the structure for economic growth was not healthy---too much reliance on real estate and when the tide turns...market in residential had a hard hit and people did not have enough savings for consumption...not to mention the capital loss in their investments in real estate...
Authoritarian countries only prioritize the economy if it endangers their political control
When in China's fast growth to becoming the world's 2nd largest economy do you think it has ignored its economy? The brain rot of this comment😂
The price of food has gone up 50% in the UK since 2021.
Gone up 300%+ for energy.
We desperately need some of that deflation here. A lot of it.
Deflation means lower prices, lower profits, and LOWER PAY. Another, higher unemployment especially on the younger generation. Those college grads can't find a decent job.
@@2ry1n What, like how inflation here has led to higher pay? 😂
@@TomNook.
Yes.
A Chinese wumao pretending to be from UK.
@@2ry1n Must be why everyone in the public sector is striking then, their 2% pay increases when overall inflation is over 10% (which is very sus, as most essentials have gone well up beyond 10%)
Finding some deflation in my country too.we are exhausted already by inflation.
The guest is on the point that money in the pocket is needed to boost the consumption instead of building infrastructures now. Stimulus check was clearly successful all over the world and great precedent for economic recovery.
I’d really like some of that deflation stuff. Especially in property prices and rent.
Careful what you wish for, lol.
@@The_InfantMalePollockFrancisshut up
My electric price is 43 p kwh
It was 17 last year and was 12.75 couple of years ago
That's free market economics in action... it's the stock markets and hedge funds who controls everything these days not government's... unlike Russia and china we're the government controls everything...I wonder if we're not missing something here!!.❤️🇺🇲🇺🇦
Ask your boss for 20% pay rise and if not quit your job
@iggy5347 need a 150 percent pay increase
Still better than rubbing sticks together, moron!
@@weeroger7048 you too greedy capitalist pork
L0wer property prices cause so much deflation that other items causing inflation are being overshadowed. MAY BE there is a case of too much oversupply in case of property market.
Would that mean their population are decreasing at a tremendous rate, which led to less demand?
No. The drop in demand is not because of a decrease in the Chinese population.
One possibility is that China is having trouble with youth unemployment. I believe unemployment in the 18-24 age group is about 20% (they seem to be graduating a ton of university students, but don't have enough positions to absorb this skilled labour), and when people don't have jobs, they don't have money to spend of course.
@@craven5328 Make sense
Or it means their companies compete with each other. Just like it used to be in the West.
@@alexbort3082 Possibly. Although, if there was a lot of increase in competitive intensity, my thought is that they would need more of these skilled workers, no? For example, if new firms entering the market were the cause of increased competition, they would need employees. Also, if competitive intensity has increased due to existing firms being more efficient/productive (through innovation or R&D), I would sort of expect the easily automated jobs to be those at risk, and skilled labour to be more in demand (as those are the types of jobs typically needed if you want to innovate)?
deflation is better than inflation
love me some deflation, cheap goods
Or slow strangulation by stagflation.
Not really
How a million house now worth 500k i rather have 1.5 millions Just amazing you borrow a million to buy a house . Have to pay back
god blessed china for deflation as worldwide facing high inflation , us now facing multi problems unemployment going up , price go up everyday , high debt , consumer confident lowest going down , criminal almost double compare couple years ago
Bbc should concern more to UK, why the west and india are so concern to china? 😂😂
cos if your country becomes fucked where will we get the cheap slave labour and cheap goods from?
our governments maybe incompetent but not authoritarian enough to expertly exploit the enslaved chinese with such magnificent efficiency and even make them proud to be taken advantage of.
@@aa-zh6wh like the british which colonized and exploited hundred of countries? Thx for reminding us 😃
@@aa-zh6wh lol...an 1d1ot, the 60s event in Indonesia was military coup backed by US,UK,Australia with their anti communist propaganda, that led to the mass killing of 1 million people.... you are just a brainwashed kid, your mind still colonized by the british
@@aa-zh6wh what is wu country? 😀 just add xi country, he country, qing country or whatever you like
Anyway...dont forget to returm falkland to argentine
@sensei1694雷霆加速器。免费的
Its very intresting scenario that faced by Chinese economy. Chinese economy in a recession stage, some of the benifits get by other economy especially the prices of Chinese product were decreasing.
This is bad news for Yorkshire, Yorkshire relies heavily on the Chinese market and tourists
Can we have a couple of years deflation, please? I may be able to afford a pint of milk then!
Deflation means lower prices, LOWER WAGES, lower profits, less production and HIGHER UNEMPLOYMENT. It's an economic downturn and worse than inflation.
there is a very simple way to promote a deflation. Don't buy that pint of milk and encourage everyone else to not buy that pint of milk. If there is a drop in the demand a glut of milk will occur and deflation will follow
Inflation is a normal economic behaviour until it is out of hand, whereas deflation is not.
@@2ry1nuntil the economy is stabilized
Deflation also means your salary will decrease
Deflation in general is a bad thing for the economy, but after all that inflation, it is kind of good to have some deflation.
It worse because it bankrupts the business and factories. And now China can't come back from it. This is the result of the Ukraine war and the housing bubble all happening at once.
No its not, if salary drops more than prices, and especially if unemployment goes up
You’re an idiot, deflation is just as bad 😂
Generally, there needs to be balance, of course, but deflation in itself is worse than rampant inflation. That said...I do agree we need some deflation, at least for a couple of months!
You have been conned by the Federal Reserve. In which case do YOU PERSONALLY PREFER to pay higher prices for the same thing?
Watch for the upper left corner “ Live Bath”. Unfortunately The hostess and the guest never take off cloth.
I rather have prolonged period of Deflation here in the Philippines over Inflation.
Tama po mahirap ngayon ang mahal na ng bilihin ang ang liit pa ng sweldo. Nakatawa lang na gusto ng mga bangyaga ang inflation kaysa deflation ewan ko na lang 😂
@@johnwack26 Tama! Mas maraming naghihirap na mga simpleng mamamayan sa Inflation kumpara sa Deflation.
Kapag nagka Deflation, tipong ultimo karamihan sa ating middle class to lower class, makaka afford na ng housing let alone rent.
Ganun din, maging ang mga basic needs naten ay hindi na ganun maiipit sa Deflation.
Mga Corporasyong at gobyernong Garapal lang ang nagsasabi na nakakasama ng sobra ang Deflation kase sila mapipilitang magbaba ng presyo ng mga bilihin.
CCP is more concerned with how to sow turmoil in the globe with its renowned ambitions than with the country's economic situation. Many investors are leaving China as they lose faith in the CCP's policies.
Absolute propagandized 🤡
You clearly have no clue about China. It's CPC for starters you Muppet 👍🏿
Actually CCP isn't the one sending warships half around the world to bully other countries. Neither have they built military bases in other countries used to launch drone strikes in the middle east and Africa killing innocents and bombing countries into submission.
They have the right to be ambitious and compete, the fear of the west is that China would overtake them in power and influence and the fact that most countries in the global south chose China over the west fueled their envy and rivalry with China.
People that criticize China just can't see their own bias and hypocrisy. They're so blind. They criticize China because the anti-China western media conveniently is. It's called group think effect and conformity in psychology. You don't reason, you just conform
Yeah China dropping bombs around the world hahaha
Pot calling kettle black
Bought a tub of bisto gravy the yellow 1 today
£3.20
The fruit bowls are big margins in supermarkets i reckon and they still up the price
2 strawberries 2 rasberries 6 blueberries and rest grapes £2.30
Maybe if you did some work instead of posting endless comments about your household expenses, you could become productive worker for a change and eligible for a raise. Are you a CCP bot?
UK is 6% inflation with 0.2% GDP increase living much better than China -0.3% deflation with 5%GDP increase. :)@@ritemolawbks8012
@@ritemolawbks8012 Worse. Its a Tesco bot! Its trying to tell you this week's promotional sales! Run while you still can!!!
@weeroger7048, you eat better than the Kings & Emperors of days gone by, so shut your gob, useless whinger...
I don't see how your expenses are relevant to this article?
Unless you find it insulting every BBC article isn't centered around the issues in your life. Why even comment here ?
Both inflation and deflation is bad for economy and people....a balance should be maintained
The only thing the Oxford professor conveniently fails to mention is that inflation was already chronically high before the pandemic due to over a decade of quantitative easing. So it’s not the pandemic or the war in the Ukraine but well over a decade of negative interest rates coupled with QE that created such a massive inflation. The low demand in China is due to the drop in productivity as with sky high inflation in the west and average salaries not being able to keep pace, people cut their spending. Therefore, less is sold in the West and less is manufactured in the East. less manufacturing in the east means prices where goods are manufactured go down, exports diminish. China was supplying the entire West with finished goods and now it’s paying the price for it.
Money / GDP = simplified inflation (deflation) rate
Classic inflation: governments print more money, increasing the numerator faster than the growth of the economy.
Classic deflation: Weak demand and economy causes the denominator to fall while the money supply stays the same.
Classic deflation is when supply of goods and services exceed demand, not supply of money.
How does China go about decreasing the money supply and what would be the ensuing consequences?
They are the biggest buyers of teslas and most csr manufacturers
People forget range rover relies on chinese buyers
A modest deflation seems to me a good hedge against the appearance of a general darkening and slowing.
Wait - you mean, endless, perennial growth is not a realistic, sustainable economic model?
Not just perpetual but EXPONENTIAL and ACCELERATING growth is certainly part of some people’s reality.
China's economy is in very good shape, and the business deals with South America, Africa, and Asia will prove to be a win win situation for all involved
that's a funny joke xD
@@billbonson7300how that's funny?
作为中国人我想说中国的经济不好😭
我祝你在与政府的斗争中好运，我的朋友@@esther-nw6im
@@esther-nw6im作為一般市民，年年難過年年過。作為國家領導人，則必須想多點辦法，深化及多元化經濟發展。大家都盡力，此外別無他法。
Can we get some of that deflation over here lmao
Why? Don't you wanna eat bugs? They will be 10% cheaper than beefsteak
The Chinese market is going to crash and the current Australian government is now sucking up to them instead of looking away and creating new markets to rely on how sad for Australia
Where my "I blame everything on politicians but not on my inability to read the tea lives and have adapted by learning new skills while I saw the world change over the past 10 years" crowd at?
In China wages go up as prices come down as infrastructure improvements thrive. In the West prices go up as wages stagnate and infrastructure either collapses or is passed into the hands of rentiers, while all the time we're lead up the garden path by a co-opted media and political class.
圣母白左 你醒醒吧 我就是个中国人 物价越来越高 老百姓吃水果都舍不得 经济越来越差 工资回到十年前 零福利和世界最高的房价 年轻人不生孩子自我绝种 生育率全球倒数第一了。看不到未来的社会。吃香的喝辣的权贵踩在我们头上到处享受。年轻人大面积失业 找不到工作 都在啃老和送外卖。。。生在天堂你她妈以为自己在地狱？基建也是稀烂 小部分光鲜外 大都千疮百孔破破烂烂 到处都破烂 现在我们国内到处都是一片骂声看不见希望 呵呵了 政府没钱了还开始强行罚款和抢走我们的电动车骗钱。白左你清醒一点吧。。
很理性客观的回答，西方有这样的媒体很让我羡慕
你确定在说BBC？
@@GGY-yh6li 至少和CCTV比起来确实更客观
@@kevin-yn2ou視乎什麼題材。
Add air pressure when some things deflate
wait so.....how is prices falling a BAD thing?
This is fantastic news! We need to continue to increase our rate of decoupling from China, no matter the cost!
Drop your iPhone first
@@yang8245 Mine is made in India surprisingly!
Assemble only, some of components is from China,like battery. kindly drop it
Very soon this will change and you know it. China is already declining as the world decouples. More to follow!
Drop cheap goods, increase life cost, to fight the country whitch did the best job in poverty reduction.
Ill be honest..i want some deflation in the USA
dont say that out loud, they might send the fbi around to have you exterminated.
real deflation is the worst thing that can happen to any economy. Its not like you imagine where only the prices fall for goods. Deflation is caused by no jobs, no manufacturing, no foreign investments, and an economic implosion it leads to depression
@@aaap3875 How can one repair a currency without deflation looking at all the inflation which eats up our real purchasing power?
@@aaap3875 our government just needs to stop printing money.
Regulate the housing/real state markets and the people will have more income available for spending.
I'm wondering facing this sort of bleak circumstance, is it a rational choice for a Chinese middle-class family that preparing probably 20% of its total deposit to invest for child's postgraduate education? Cuz the fresh graduates youth cannot obtain a desirable job currently, work or continue the education, which one is more feasible given the economic contexts? 🤔
Because production is increasing. There is more supply than demand. That is why the prices drop happened in their country. They are experiencing deflation. Bravo china 🇨🇳
Inflation: bad
Deflation: bad
Nothing happens: bad
Wrong if its related to China everything is bad, even people thinks sun bear fake. if its happen in Britain everything is good including Brexit.
No news like bad news.
I disagree when people say deflation is worse than inflation. Deflation, while still bad, gives time for the economy and gov't to make adjustments and reforms to get back on the healthy side of things. Inflation can spike up very easily, creating chaos and violence. Your bread or lack thereof will cost 20x more in less than a week!
@@kira-le9qr Japan is still doing fine even with 3 decades of deflation. No one is starving. The country isn't collapsing.
I respect your pov, but I come from a relatively poor family back then, and I know even a 10% hike in any daily necessities put poor families in a very difficult and stressful position. I've never personally experienced a deflation, but based on what they've described, it's a better situation for poor families and countries because it gives time to adjust, which is very helpful. You can't adjust inflation, the after-effects takes at least several months to a year...
So....The complaint over there is that the prices are going down?... I'll trade you economic issues!
Other countries "the cost of living is too unaffordable" China "the cost of living is getting too affordable"
Inflation means lower prices, lower profits, LOWER PAY, less production and higher unemployment. The younger generation and those laid off can't find a job. Deflation means economic decline. Much worse than inflation.
Anything good in China must be demonized in order to sync with Anglo-Saxon propaganda 💪💪💪
@@2ry1n you sure? They all look happy to me, visit China and see it for yourself
@@2ry1n You mean deflation means lower prices, lower profits, LOWER PAY, less production and higher unemployment.
@@tonyye8680
Sorry should have proof read my comment. I meant deflation.
Maybe it's just a very small thing, but me and a lot of my friends were used to buy stuff on Aliexpress or Alibaba, but we stoped that over a year ago because we started to understand that China is becoming a real (economic) threath to us. We might be just some silly Western buyers, but I don't think we are the only ones thinking that way.
well the world is telling you, you need this and that. And you really don't need marketing, innovation, jobs.... All you need is food, shelter and water.
This is the sort of small minded stupidity from Westerners. The rest of the world will rise with China who build infrastructure with a purpose to increasing business. Unlike the USA who builds military bases.
Thank you, it's a good decision you make. Now Africa, Russia, China and India can start trading. It doesn't matter whether a country called the uk stops trading with China or not. The UK may suffer a final meltdown, but China will rise. 😂
Everyone benefits through trade. Such an antagonist, Cold War way of thinking.
@@pessi6185 Yet China also has built dozens of military-bases in the South China Sea, to deny Vietnam & the Philippines & others access, to their own territorial-waters/resources ?
I live in China, except for houses, my daily expenses are 5% -10% more expensive than before the epidemic.
This is like watching an Arsenal expert and TalkSport discuss why West Ham needs to sell their players at lower prices 🤣🤣🤣
😂😂
중국의 오만함은 결국 이웃 국가 한국,일본이 등을 돌리는 결정적인 계기가 되었습니다. 미국,유럽은 그렇다 치고, 이웃국가를 전쟁 거론하며 위협한 것은 중국의 큰 실수다.
How about housing prices in Korea these days?
哈哈哈，战争威胁可还行，你怎么不问问你美爹和日爹？
@@albertrice-wt6uq韩国不过是一个夹在中美间的寄生虫，因为美国觉得中国有威胁所以美国扶持它一起来对抗中国。倘若有一天中国或者美国不行了，那么这一颗棋子就会被放弃。
Drop in prices and demand are good things for consumers, why stimulate demand so that consumer's prices increase (ie, inflation)?
because it crashes the economy if it continues
对国家经济发展来说可能不是好事儿吧
Boots on the ground here: idk where ur getting ur info from, but the prices of everything from petrol to vegetables r up compared to pre-pandemic, heck, since last year. Y'all missed the boat on this one.
State must invest in public works and PSU in China .Like FDR did in case of USA to tackle deflation crises due to Great economic depression.
In the 80’s Japans economy was catching up to the US and supposedly was passing it; was just a matter of time. Then they came on a stagnant period of deflation which have never recovered from. Only time will tell if China has the same fate.
Funny how the guy who actually had a way out of it was assassinated 🤔
@@HickalumThe former Prime Minister?
@@Hickalum you mean the guy who was no longer the person in charge when he died?
China has been over stating its numbers for decades. This needs to happen anyways.
Japan only have 100 million people while US' has 300 million, they were never "catching up" to the US on total.
China have 1400 million people, and inflation is certainly not gonna save the US.
通货紧缩？为什么我这里的物价反而上升了呢😂😂
Why sir?pl express it.We want to know what is the situation of China now!
Ensure that everyone has enough money for essentials especially excellent education, good food, comfortable housing. Significantly Raise consumption tax, eliminate income and corporate taxed. Empower municipalities to determine adequate excess property taxes.
Deflation breeds innovation as people have time to think about how to improve themselves, processes or products. Property appreciation just leads to property speculation.