Prices In China Are Falling: This Is Why You Should Be Worried | Money Mind | Economy
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- เผยแพร่เมื่อ 24 ก.ค. 2023
- We’ve all felt the pinch of inflation over the past months. But there’s a new worry in the world’s second biggest economy. And it’s got to do with prices falling, rather than going up.
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ive been working at a walmart since almost the beginning of the pandemic and ive watched prices slowly rise over time, alot of our products cost 20 to 50% more than they used to and it bothers me that the cheap stuff i used to buy i now have to think twice about because theyre not cheap anymore, i can only imagine how hard it could be for someone whos struggling to support themselves
My primary concern is how to grow my reserve of $300k which has been sitting duck since forever with zero to no gains, sure I know the risks of short term gains are much greater but if well managed one'd make a killing, am I wrong?
I’ve been on both end of the spectrum, I was lnvesting on my own for about 3years, did my own study and analysis before actually buying, things became rather difficult after the pandemic which was right about when I reached out to a portfoIio-advisor for guidance, It’s been over 2 years and I’ve scaled up a stagnant reserve of $280K to $700k in just about 24months.
@@cloudyblaze7916 Interesting. I've a lump sum doing absolutely nothing at all in my bank account, i wanna gets something started with it. You seem to be doing excellent for yourself, how do you achieve this?
@@kaylawood9053 Eleanor Annette Eckhaus is my portfolio-coach, I found her on Bloomberg where she was featured and at once, looked up her name on the web.Thankfully, I came across her site and reached out to her.
@@cloudyblaze7916 Thanks, her website popped up on the first page immediately I searched her, I read through her resume and seems pretty tight, so I booked a call to discuss with her.
Price rising worried, price falling worried, lol.
1990. The Economist. China's economy has come to a
halt.
1996. The Economist. China's economy will face a hard
landing
1998. The Economist: China's economy entering a
dangerous period of sluggish growth.
1999. Bank of Canada: Likelihood of a hard landing for
the Chinese economy.
2000. Chicago Tribune: China currency move nails hard
landing risk coffin.
2001. Wilbanks, Smith & Thomas: A hard landing in
China.
2002. Westchester University: China Anxiously Seeks a
Soft Economic Landing
2003. KWR International: How to find a soft landing if
China..
2004. The Economist: The great fall of China?
2005. Nouriel Roubini: The Risk of a Hard Landing in
China
2006. International Economy: Can China Achieve a Soft
Landing?
2007. TIME: Is China's Economy Overheating? Can China
avoid a hard landing?
2008. Forbes: Hard Landing In China?
2009. Fortune: China's hard landing. China must find a
way to recover.
2010. Nouriel Roubini: Hard landing coming in China.
2011. Business Insider: A Chinese Hard Landing May Be Closer Than You Think
2012. American Interest: Dismal Economic News from
China: A Hard Landing
2013. Zero Hedge: A Hard Landing In China
2014. CNBC: A hard landing in China.
2015. Forbes: Congratulations, You Got Yourself A
Chinese Hard Landing ..
2016. The Economist: Hard landing looms for China
2017. National Interest: Is China's Economy Going To
Crash?
2020. Economics Explained: The Scary Solution to the
Chinese Debt Crisis
2021. Global Economics: Has China's Downfall Started?
2022. Cathie Wood: China's COLLAPSE Is FAR Worse
Than You Think
2022. Business Basics: China's Economic Crisis, GDP is
Crashing, Protests Everywhere. China's financial
2023 CNA Insider Prices In China Are Falling: This Is Why You Should Be Worried | Money Mind | Economy
@@andia968 ok commie bot
CNA (mini BBC): China always bad. Self-racist Chinese/Half-Chinese/Asians with western colonial mentality are the lowest of the low.
@@andia968 😅 well said
yup it is what it is and it is inevitable as well. The only way to make everyone's happy is to balance things up.
It's a law of supply and demand. When the demand is high, the prices go up. But when the supply is high, prices go down.
the supply of pork was low few years ago in China, it made pork price was very high.
In this case it is due to a decline in demand
@@NewmaticKe”demand is low…”. Is that because
(a). Chinese aren’t spending, failing economy; and
(b) export market in US and Europe is collapsing due to security concerns ?
It's mean its export is decreasing
If look at pork price for last 10 year, the current price is the normal. Pork price skyrocket during COVID period. So the price drop is probably because supply is meeting demand
Chinese citizens, should OVERTHROW Xi and CORRUPT CHINESE COMMUNIST PARTY. Xi is a dictator, that murdered Chinese minorities, and everyone against the communist govt
Nope
You're absolutely right. If they go by pork prices as an indicator of potential deflation, then I think the US is also experiencing the same problem. Egg prices here have dropped more than 50% over the last month or so, from COVID high of about 7.99 a dozen back to almost pre Covid price of $3.49-3.99 a dozen. I think it's supplies meeting demand more than an indicator of deflation.
@@donexcelcisimo then what is your counter argument?
Its the usual anti China propaganda 😂 wishful thinking of the west. They make it seem like hell has broken loose in china over every little thing. Jeez, I am not even Chinese and even I am tired of this
This is exactly what we Japanese have suffered for 30 years. However, we are now out of deflation and many Japanese are happy about this. Deflation is scarier than inflation, as a Japanese.😅
Zimbabwe welcomes you😂
@@miaorenfeng1 Learn more. 😂
lmao japans economy has been crashing year by year, ever since the us destroyed your economy with dumping laws and the plaza accord,
in fact recently japan has seen an stark increase of crime due to poor working conditions and bleak economic outlook
its insane that you people are now subsidizing american airbases at this point lmao. sad but I suppose its the only future for japan being tied to america
the BOJ must be the only central bank on earth eagerly hoping for inflation 😂, and rightfully so since it has been battling deflation for decades. Deflation is a lot tougher to get out of than inflation.
The economy is grappling with uncertainties, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
Things are strange right now. The US dollar is becoming less valuable because of inflation, but it's getting stronger compared to other currencies and things like gold and property. People are turning to the dollar because they think it's safer. I'm worried about my retirement savings of about $420,000 losing value because of high inflation. Where else can we keep our money?
Well I recommend you make a diversification plan because it's been harder to build a good stocks portfolio since COVID. My colleague suggested I hire a brokerage Adviser, and I've actually made over $457k with their help during last market upheavel. They used defensive strategies to protect my portfolio and make profits despite the ups and downs.
@@Kim.beneteau My partner’s been considering going the same route, could you share more info please on the advisor that guides you?
I encountered *Camille Alicia Garcia* through my wife, and I emailed her. She is guiding me. Since then, she has given me chances to buy and sell the stocks in which I'm interested in. You can hunt her up online if you require care supervision.
Thanks, I just googled her I'm really impressed with her credentials. I reached out to her since I need all the assistance I can get.
Their primary objective is to make you constantly "worry"
CNA talks about the three factors for china's slowdown: weak global demand, weak Chinese consumption and jitters over job and income security. How about the impact of the falling property markets which force lower spending. Those who are still serving these over sized mortgages have to spend disproportionate income when their regular incomes are falling, worsening consumer confidence.
CNA is western mouthpiece in Singapore. The entire world economy is doing good now not just China due to war in Ukraine.
Isn't what you mentioned part of income insecurity?
😆Recently, All western media happily report China export decrease cause by U$A UK EU falling into technical recession.
A vicious cycle is spinning up. Economy affecting society and vis versa. This one is gonna be tough
@@laosasean8482 On the contrary, CNA is a Chinese mouthpiece in Singapore.
Okay this is good, but With inflation running at a four-decade high, a Recession is now the ‘most likely outcome for the economy. How can I grow my portfolio to outpace inflation and maintain a successful long-term strategy? I have been reading of investors making about $250k profit in this current crashing market, and I need ideas on how to achieve similar profits
On the contrary, even if you’re not skilled, it is still possible to hire one. I am a project manager and my personal port-folio of approximately $750k took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect and profit from my port-folio this red season. I’ve made over $150k since then
@@shannonsally455 That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?
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Countries experiencing runaway inflation : We want deflation now!
deflation no, to control inflation. deflation is actually quite bad to a economy, is only beneficial at the short term to the consumer, but at the long run it can run a crisis. that's why china keep artificially inflating their currency because if the rmb becomes too strong, they will lose their competitiveness compared to other economies.
Be careful with what you wish for...
Are you mad? Deflation is the death of an economy.
@@socarsocar601 Lower price mean people are cautious about buying stuff which means they are struggling.
@munster1404 imagine paying the bank to safe your money in it 😂😂😂
I am a personal witness to this in Beijing. For example, my favorite noodle with pork dish fell from 37 RMB to 28 RMB within the span of a week. And they added another piece of pork into the dish as well lmao.
We love falling price CNA love Murica price🇨🇳❤️🇵🇭💪✌️
meanwhile, in UK, US and Australia , rampant inflation is giving loads of people severe hardships, and increasing the number of children going to bed without food.
BS!!!! China, CCP, Evil, Totalitarian, Authoritarian Oppressionist, Surpressionist, Expansionist, Corrupt, murdering xenophobic, genocidal, organ harvesting, spying, hacking, interfering, infiltrating, intellectual property stealing, gangster, mafia dictatorship regime that hides behind their Totalitarian censorship and CCP firewall like pathetic weak sissy little girls.
Inflation in those countries is decreasing. All of those countries have even through decades of economic cycles of highs and lows. Nothing new.
UK and USA is building without resources, it will not last long
It isnt rampant anymore
@@1001Balance😂
This means that the supply of goods is very smooth, there are no interruptions. For traders, it is quick to sell and run out of stock because tomorrow there will be more goods, so there is no need to stock up too long. The trick is to lower the price. Traders are still profitable.
You cannot base deflation on pork prices alone.
A story is needed
That’s just the headline. See 3:03 about slowing global demand, sluggish consumer spending and worries over jobs.
Yes you can
Pork is a high demand essential for consumers that's why they're using it. It's not like a car or even cheap electronics.
OMFG. It's just an example to illustrate what's happening. -.-
When prices go up, we struggle to meet expenses. When prices go down, we worry about deflation. Where is the best middle point to make us happy?
The middle point is to turn off the TV and this YT channel
3% inflation is the healthiest, not too much.
2-3%
I forgot to add: it's 3% per year
Don’t watch news
Is this supposed to make us happy that prices have gone up 10% year after year?
Inflation is always a good thing for politicians and big corporations.
@@hermesliteratus882 It's great for them but for working people like us, it's terrible.
@@vestasharp6861 Yes, it's basically wiping out people's life savings overnight.
@@vestasharp6861he's being sarcastic
No. Do you even know what deflation is? This is extremely bad for the economy because it indicates businesses arent doing well. It's a precursor to a recession
I hope Deflation will happen also here in the Philippines
And then u lose your job
Are you serious?? Do research please
@@nhicomasangcay8225 You dont understand That Deflation helps a lot of the consumer and their cost of living. A deflation is always better than Inflation. Knowing you didnt know the situation here in the Philippines
omg this is actually very useful in revising for econs haha hope there are more econs topics to come :DD
Pork prices dropped due to more supplies. The Chinese have to thank their competent govt.
Their pork also doesn't have ractopamine, which is banned in their country like the EU.
pre covid pork prices are 11.5/kg in China and today 14.2/kg. so it has in fact increased a bit since pre-covid times and if you look at the graph(which incidentally CNA did not show) prices are starting to stabilize. keep in mind China also dealt with swine flu which would have dwindled supply in relation to demand, therefore, increasing prices substantially.
Dont expect media to say the whole truth. They always see the wrong part and put China into bad image.
So has fresh pork prices in Singapore increased substantially about 30%.
That's right there was the swine-flu that caused decrease in supply and increase in price. The latter has encouraged producers to increase production once the swine-flu was under control. We are now seeing the impact (price fall) of this aggressive increasing in production. Nothing to do with a deflation. Chinese companies can export excess production to keep price stable.
@@s._3560 What is the context to this comment and who are you replying to? Pretty sure pork prices in Singapore are high also because of some sort of swine flue
Everything in China is falling in price because nobody is buying anything. They are cutting everyone's salaries by 40%. Some government workers haven't been paid in 10 months. It's really bad in China. Their economy is collapsing fast. And the entire civilized world announced that they will be decoupling from China.😂 Looks like it's back to a country of poor rice farmers riding bicycles😂😂
Deflation is good for the consumer. 👍👍 There is no good reason why the economy cannot grow without inflation. Trade with Africa, ASEAN, BRI nations, etc. is booming and resilient
Prices go up/ down learn to live with supply & demand !
Chinese save a lot of money. Lower food prices are always good news. People outside China should worry.
Deflation increase purchasing power, allow them to save money, this can be good for people in general.
Also, deflation means lower wages. Meaning less or limited spending. No savings when salary is cut yet pays the same mortgage or loans.
Part of this is from the cost of building new factories and infrastructure to cut China out of supply chains. The transition costs get passed on as rising prices outside of China while the combination of layoffs and excess capacity from stranded assets results in falling prices in China.
Man. Taking the phrase "what does that have to with the tea prices on China" to a literal level.
My greatest concern is how to recover from all these economic and global troubles and stay afloat especially with the political power tussle going on in US.
The FED knows. They aren't committed to attacking inflation. They are going to continue to inflate, stocks and commodities will continue to go up with everything else. You can't just sit on cash waiting for a crash, get your money working for you, start buying in slowly and then gradually increase the pace of buying as the prices continue to drop.
In my opinion, now is not the moment to rely on hearsay. Every individual, regardless of their level of experience as an investor, requires guidance at some stage.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $850k.
*@kristenpierce8661* I've been thinking about going that route. I have a lot of stocks that I have maintained, but they are beginning to lose value, so I'm not sure if I should hold onto them or sell them. I feel hiring your investment coach would make it easier to restructure my portfolio.
I'm guided by Camille Alicia Garcia an experienced coach with extensive financial market knowledge. While you can consider other options, her strategy has yielded positive results for me. She offers valuable insights, including entry and exit points for the securities I concentrate on.
I watched another video filmed by local Chinese farmer, the farmer said pork price is controlled by government now, so despite the cost is high but pig farmers can't sell more than the advised price.
Is this deflation coming from the demand side or supply?
price go up, business may fire ppl due to raising cost
Price go down, business may fire due to low business
So in a way, business may fire as long as they are not doing well regardless
No, when prices go up that's a good thing for businesses. It means they're earning more revenue. Why'd you say they're raising costs???
Do you even know what you're talking about?
The ideal economic growth is to have moderate levels of inflation. Only ignorant people get scared whenever they heard the word 'inflation'
Why would there be low business if the price goes down? There are 1.4 billion people in China and they all need to eat. Lower prices means that more customers will come to buy.
@@dhrgkbqxtjr2743 Why do you think prices are going down in the first place? Because there's LESS demand in the first place.
@@dhrgkbqxtjr2743 Lower prices may in turn spur more purchases but this still means less revenue for the business because now they have to reduce the price just to sell the same quantity they sold last time for a higher price. Lower revenue can result in negative profits and in the long-term, the business will have to fire their staff to cut costs further. That's where people like you and me are affected. Next thing you know many people are out of jobs
@@ZX235w3 the prices are going down because covid lockdowns are over so the market is returning back to its usual economic output. Amazing what NOT price gouging your customers will result in, huh? Canada should try it sometime.
If GDP is still growing, deflation is a good thing. China can also print more stimulus money just to even out the demand. For us in the western world, we can only dream of deflation. We have inflation and shrinking GDP (lower than China).
That's called Stagflation.
lmao do not compare this to japan in the 80s
japan was destroyed by the usa plaza accord, china is delibertly doing this so its controllable @@spider6660
As ordinary consumers, we welcome falling prices instead of rising prices. Only rich people and corporations like Mediacorp will lament falling prices because they can't engage in price gouging. 😂😂😂
Did you even learn economics in school? This is deflation. It's actually a bad thing for everyone involved, especially consumers
@@ZX235w3So is inflation which has got even more people worried for now.
@@ZX235w3So is inflation which has got even more people worried for now.
@@munster1404 Inflation is actually a good thing. An economy that's growing is expected to have a moderate level of inflation (1-3%). It's only bad if the inflation goes way past that. Deflation is a lot more worse than even having the highest inflation because deflation is a definite precursor to a recession
Think about it for a second genius. If prices are falling that means your employer's profits are decreasing right? That means a reduction in wages or unemployment.
We knew this would happen in 2022, as real estate sales continue to decline right across the board.
Deflation is good for consumers ...😂😂inflation is good for banks due to rising interest rates 😢😢
You're not just consumers tho. You're also producers (you produce labor and get salary) if ppl are not buying things due to expectations of lower prices, then it becomes cyclical. It is literally in the video. It's a self-fulfilling prophecy.
@chrisbiden2769 Do you even know economics work at all? I know you're incredibly China-biased but you're spitting out some serious level of bullshit. Deflation is NEVER good. It always leads to a recession. It inevitably causes real income of people to drop instead and the country will eventually go bankrupt if nothing is done
It is called market adjustment! I wouldn't worry about it. The price went up like mad for the past 2 years, we as a working class hope the cost of living can lower a little, as some one claims if deflation instead of inflation, then the salary wouldn't increase as well....as if our salary has risen like 8-10% for the past few years to match the inflation! Give me a break! 😒
@@eveleung8855indeed. salaries barely moved up while inflation hiked like a champ. 😂
deflation is good only in the short term, remember while you hate corporations and stuff, nobody works for free, so if the prices fall, it will lead to businesses to switch to more profitable businesses, which is going to lower again supply, and all of a sudden, hyperinflation again.
man thats a good thing; people are paying less bc people are becoming frugal. so why not im with that
Every country around the world are struggling and to me, China is the least struggling. Economic forecast makes 7.2 as q2 GDP growth but China's GDP expanded 6.3% missing estimates. I wonder how many western countries have reported such growth rates except India? Even Southeast Asian countries have reported the north of 5% only. To western media, the matters about China are China's economy slowdown, Taiwan, US restrictions, China threats, human rights issues only. Nothing else.
I lived and worked in China for 23 years. The Chinese economy is on the edge of an abyss
@@NewmaticKe Replace China with "Europe". Everything will be fine then.
Those number from China are less reliable, go to China and see what is the real situation
This is why I encourage my students not to study econs in school. Only Keynesians can come up with such nonsense that falling prices are bad.
How come CNA Insight has no Singapore insights?
Here's the video summary if you don't want to watch extra fluff:
Why is China in a deflationary period:
- People outside of China aren't buying from China especially after 3 years of pandemic lockdowns shut down production plants and the world found other places to buy.
- People inside of China aren't buying from China because many lost their jobs or are worried about losing their jobs.
Why you should be worried:
- A recession in China would cause a recession for the rest of the world.
How:
- Chinese businesses may cut prices to stimulate sales leading to lower revenue and layoffs.
- People in China would be even more disincentivized to consume their goods.
- Less spending would mean less revenue for local companies leading to more layoffs and the cycle could continue until a severe recession occurs.
What has China done to help with the issue:
- The Chinese government has already cut interest rates to help stimulate lending and business growth.
What else can they do:
- More stimulus for businesses (more rate cuts)
- More stimulus for people (provide relief funds for laid off workers similar to other industrialized nations during lockdowns)
So essentially… China is facing what Japan faced during the lost decade?
Hmmm despite the policies.
A few other things that the CCP can do:
1. Not bite the hand that feeds you: your customer's
2. Not cause a pandemic and then refuse to help with investigation into its origins
3. Lie about pretty much everything else. Like how wonderful things are going in China.
@@ArmageddonIsHere
From my observations recession hit much of the Western first, it's trickling down to China, not the other way around. 💡
@@ArmageddonIsHere i mean.. for the first point its pretty moot. US pretty much demonised made in Japan, then did that to made in Korea, and now did it to made in China. of course for the first 2 they could only do so for electronics and other consumer products. couldnt bring any other political stuff into it (or not to the extent of todays situation).
just wonder who is gonna be the next factory of choice.. vietnam? india? global supply chain seems more spread out now with no clear leader.
Re the Chinese pork prices, wasn't there a massive issue with swine flu the last few years? Is that really deflation or a reversion to the norm?
Revision to norm. Check China pork price history. Current level is the norm for last 10 years.
I mean, they are just saying the Chinese economy is crashing because of pork prices reverting to the norm 😂
I love the fake media, falling prices isn't a major concern it should be welcomed as this helps consumers. Can you imagine if the West has falling prices?? Politicians keep promising that things will be better on the inflation fight but I guarantee you there will never be prices falling in the main staples of Western countries because governments protect big businesses so the poor and the middle class will always be poorer.
Time to be on holiday in China! Value for money because things will be cheaper there. Need to buy some electronic stuff which I have been eyeing last week. If the Chinese economy slows down a little, then the RMB will be cheaper relative to SGD too. Double bonus - cheaper exchange rates and cheaper prices overall.
Only if you're Chinese.
Otherwise you may get arrested, as some innocent Canadian and American tourists found out.
Cut your lies and stop being so obsessed with China already, you losers/racists/propagandists/haters!
@@ArmageddonIsHere . If you're a spy, then you need to worry.
*Proverbs 6:16-19 NIV - There are six things the LORD hates
@@ArmageddonIsHere Even if prisons provide free food, it comes at a cost.
China doesn't give free food to foreigners for no reason.
Considering prices are skyrocketing in most parts of the world, I would much welcome lower prices.
Lower prices means higher unemployment. You don’t want that.
It means you’ll get paid significantly less as well
@@santoshrathod123
Lower prices means higher unemployment?
How come?
@@Madpett Disinflation. If people put off buying things now because they're going to be cheaper in the future.
@@santoshrathod123
You said, lower prices means higher unemployment?
How come?
Awesome 👍
Or is it restocking more to keep the prices down to counter inflation. Meaning cutting down exports to maintain more than adequate supply for domestic market.
Pork price alone is not a reliable indicator of deflation. Commodity prices fluctuate mainly due to supply/demand, and factors other than deflation could impact prices.
Gosh...imported goods would still carry over inflationary prices from other parts in the world into Chinese market which is also the world's 2nd biggest importer. Local producers could start to export more of any consumer products that have lower local demands which they could easily do since many consumers products have highly inflated prices outside of China.
Why is bad ? Now people can afford to buy food. Hypocrites.
But the farmers are earning less 😅
The middle man are making the big profit. Cut the middle person.
So we in Indonesia have to be happy cause price have gone up? 😅
Pork meat in Indonesia is twice AS expensive AS in China
Good. Good. I see absolutely no bad news here.
man I wished food prices would drop in my country too. I wonder why mainstream media demonize falling prices though? It's as if they are serving the interests of a larger group of entities.
Didn't you pay attention to the video? Lower prices may be good for you in the short term, but it makes society poorer in the long term, and it can be very difficult to get out of.
@@pjacobsen1000 Is it though? A tomato that is 2 dollars is still same as a tomato that is priced at 1 dollar. Society is still as rich as before with that same tomato; it's just that it was 2 dollars yesterday and it went down to 1 dollar today. Deflation is just scary term coined by economists that try to justify central bank inflationary policies, so that they can print money to pay off yesterday's debts.
@@zeaxg Look, I cannot give a better argument than the one in the video. Try to watch again and listen to the economist.
If you have an economically based counter argument, I'd like to read it, but simply saying that "Deflation is just scary term coined by economists that try to justify central bank inflationary policies" is not an argument, it is an unsupported claim.
@@pjacobsen1000neither inflation or deflation is good in the short to medium term for overall economy whether you are consumer or producer. if you realised now the definition of inflation is general rise of prices of goods and services, the real old definition of inflation is expansionary monetary policy of central bank. Just like inflation, the counter to deflation is to lower interest rate or QE by central bank where Chinese can afford to do so and happily do it but their government has been taking more cautious compared to US, as China headline inflation is 0% which is not deflation (they just take pork prices to make their point) and healthy GDP growth of 5%. So the economist in video are just economist from banks or financial institutions which are bloodsuckers where they wish for QE or easing monetary policy from China to make their bets more profitable. So I always take their comment with a pinch of salt as they are fear mongering and fear sells.
@@liberaltart7531 Yes, your comment makes good sense (until you start mentioning 'bloodsuckers'), but it doesn't speak against anything I wrote.
You left out their collapsing and stagnation of properties markets... It has far reaching affect on it supporting industries also... Not to mention property owners too
Wonderful news!
1990. The Economist. China's economy has come to a
halt.
1996. The Economist. China's economy will face a hard
landing
1998. The Economist: China's economy entering a
dangerous period of sluggish growth.
1999. Bank of Canada: Likelihood of a hard landing for
the Chinese economy.
2000. Chicago Tribune: China currency move nails hard
landing risk coffin.
2001. Wilbanks, Smith & Thomas: A hard landing in
China.
2002. Westchester University: China Anxiously Seeks a
Soft Economic Landing
2003. KWR International: How to find a soft landing if
China..
2004. The Economist: The great fall of China?
2005. Nouriel Roubini: The Risk of a Hard Landing in
China
2006. International Economy: Can China Achieve a Soft
Landing?
2007. TIME: Is China's Economy Overheating? Can China
avoid a hard landing?
2008. Forbes: Hard Landing In China?
2009. Fortune: China's hard landing. China must find a
way to recover.
2010. Nouriel Roubini: Hard landing coming in China.
2011. Business Insider: A Chinese Hard Landing May Be Closer Than You Think
2012. American Interest: Dismal Economic News from
China: A Hard Landing
2013. Zero Hedge: A Hard Landing In China
2014. CNBC: A hard landing in China.
2015. Forbes: Congratulations, You Got Yourself A
Chinese Hard Landing ..
2016. The Economist: Hard landing looms for China
2017. National Interest: Is China's Economy Going To
Crash?
2020. Economics Explained: The Scary Solution to the
Chinese Debt Crisis
2021. Global Economics: Has China's Downfall Started?
2022. Cathie Wood: China's COLLAPSE Is FAR Worse
Than You Think
2022. Business Basics: China's Economic Crisis, GDP is
Crashing, Protests Everywhere. China's financial
2023 CNA Insider Prices In China Are Falling: This Is Why You Should Be Worried | Money Mind | Economy
hahaha so funny@@andia968
I just don't know how lower prices hurts the consumer. Rent, gas, food for cheaper, how can that be bad? People that have some savings will be even in a better position.
I can say, in China is the price more depending on the supply and demand! The real economy and in the West, there are more restrictions and rules 😞 more money manipulation! Actually for each and every thing, you have to note for the government's fiscal policy!
Same thing happens with inflation. We need deflation.
LESS EXPORT = DEFLATION = JOB CUTS = RECESSION
Business cut price --- less revenue --- job cut --- less consumption. What a bunch of nonsense. Business cut price to boost sales. The cheaper the price the more people can buy. You don't see business increase price to boost sales. The reason why the price is falling is because the supply is greater than demand. That's basic economy 101. The price had been increased for the past 10 years. Why is so bad to see price going down a bit? It's propaganda to cover government's reckless spending because inflation is good and deflation has to be bad.
That is great. Hope it is not because quality is bad.
Please worry about Singapore, the price here is too high and we all feel inflation here.
And the floods have wiped out fields full of grain, cars flowing over the dam,about waste high when it went down to mud. . Not a good situation but it's a big country too.
The takeaway from this should be use your consumer power to lower inflated costs everywhere. Stop buying crap you don’t need.
You did not explain the root cause of deflation.
Is it over-supply?
Supply and demand.
CNA (mini BBC): China always bad. Self-racist Chinese/Half-Chinese/Asians with western colonial mentality are the lowest of the low.
With decreasing competition from exports the downward price pressure will only continue.
what i got from this video is China is facing deflation because the demand of their exports decreased in pandemic and prices fell instead of rising because people were prohibitive to consume and they saw the entrenching deflation and perceived that we will buy this later when prices will fall more, also companies were laying off workers because they had less revenue which counter affected the income of households
how often does one see a commodity price drop compare to tons that rises? give me lower price anytime
when the price oF bread goes down,i dont wait till next month to buy it.
im buying it NOW because im hungry.
geez.
the deflation is bad IF high end products was affected by it.
consummables?
not very much.
Ask people of Zimbabwe what would they prefer falling prices or inflation.
when consumers have no money to buy anything this is the result. China´s unemployment, esp among young people who spend the most, is super high but not reported.
So prices have gone up a LOT in the last three years, so if prices go to deflation that is a good thing. Will be nice to be able to afford to pay my electric bill and drive to work.
Anything price should be up and down !
Price cannot be always up !
It's still the healthiest economy in the world, period.
How about the prices of other products in China? Most go up in fact.
If the price did not go down, don't buy.
This will be potentially really bad for BRICs and BRI countries that have “tethered” their economies to China. The one positive is that Russia doesn’t have many customers and China can put pressure on them to continue selling raw materials to them at lower prices.
Nice... with my dollar going up in value and income increasing, maybe time to visit China and take advantage of their cheap prices.
hypocrite racists are showing up without shame. "Don't buy chinese junk." Orders from Temu. "Don't buy chinese junk, but I don't mind buying if its cheap." 🙄
emm……welcome
Prices go up like a rocket and down like a feather. Deflation is prides going back to where they were originally. Nothing all bad , nothing all good. Food prices drop, then eat better food
“There was a time when people say that Singapore won’t make it, but we did.” I wonder who are those people?
The japanese economy dealt with deflation too before it collapsed 💰
Deflation is the normal economic adaption process to decreasing buying power of consumers.
Prices go up, ppl worry
Prices go down, ppl worry
I would prefer Deflation rather than Inflation/Stagflation any day of the year.
Basic Goods Prices Should Be Within Affordability . Food Prices Should ALWAYS Be Very Low But Durable Goods Like Cars, Toys Jewelry Can Go Up As High As Mt. Everest.
Deflation is an indication that your customers are not buying - which merchant would otherwise willingly lower their prices if they were not forced to do so? At the macro level this in turn reduces the rate at which cash circulates in the economy, thereby decreasing revenue and profits, and causes a downward pressure on incomes. Lowered income forces you to lower spending, and the vicious cycle goes on.
Lol, so China should just print money like the west and get huge inflation? It is actually a good thing that food gets cheaper in china, you can't tell me that the Chinese eat less. In China's case it probably means that there is a bigger production and they will have a higher disposable income to spend on other things than basic foodstuff.
I wish there was some deflation here in Canada. Things are unaffordable here for essentials such as food prices, rent, gas, etc.
I wish we had deflation in the United States. The cost of living has increased so much in the past 2 years under the government polices of Joseph R. Biden. Families here are choosing where to spend their limited income on food, rent, utilities, healthcare, gasoline, ...
@@amossutandiit should invest in higher value-added industries and open them to foreign investments rather than willingly or unwillingly funnel loads of cash into the property sector
@@amossutandi Except no one is spending. THAT'S the problem. This is why deflation is bad. I suggest people like you go pick up an economics textbook because it seems you never took one in school
Deflation good for poor.
Inflation good for rich.
Inflation ? If food is self sufficient and with less income or no income , it just right timing. The whole process must support each other and it will go on. 1949 to 1975 how they survive?
And the funny thing is products coming from China is getting more expansive here in Singapore.
As Indonesia i Will take revenge of what Singapore do with my country....
Let the market correct itself...what so bad when prices go down....let it hit the bottom, let consumers pick it back up...
Every sector is benefiting less and the end buyers at least can survive at this 2024 situation, Subsidize?
When inflation is out of control, people complain. When prices of goods are falling, why are people complaining? To control inflation, according to those experts or economists, increase the interest rate. If people are not spending and then the economy suffers. Now they say we are heading to deflation. Are they suggesting the interest rate should be lower and encourage people to spend more? The problem is the United States will have to keep its interest rate high to deal with its huge deficit. The rest of the world has no choice but to follow suit or risk capital flight. So, experts tell us what to do, or you don't even know what to do yourself.
The citizens must have saving. The companies must have assistance in order to cut price from workers and also the above the authorities capital in order to cut price.
It can not make the citizen and brokers broke and it is also need support capital from security members
This is good ..if all prices to fall...we must think out of the box ...the theory of the West that inflation is good ...
Deflation is good for China 🇨🇳 and good for all ...we will have lower prices for goods and services ...and all businesses will see how to operate from a lower price as more goods and services for the people to get with the existing income ...good ...good ...the new Way ...for the world
Why is the world worrying about China and not about the themselves, most countries, especially the USA and G7 are still trying to control their inflation, while China is worried about falling prices, why the west or even ASEAN can’t buy cheap imports from China, I don’t see our imports from China dropping in prices, we should be worried that China will reduce their spending on imports, especially from the west and ASEAN
Deflation will only harm countries whose economy is slowing down significantly or countries who depends on china for their export. But for countries on the rapid rise, lower chinese prices is a great bonanza, meaning business who imports product from china can expect bigger sales, larger profit in their home country. I mean its no secret, chinese products have become so expensive in the last few years, price is almost uncompetitive. The reason why business still imports from china is bcoz, its easy to import products there bcoz of the infrastructure both soft and hard infra compared to other nation. But still since price is increasing expensive, business are now starting to look elsewhere to source their products
So basically, finally something good for the public. If it weren't for greedy businesses making us pay for their incompetence.
its not true, the price is getting more expansive, chinese medicine cost triple price, its inflation not deflation
Lower prices are better for the consumers.