Tag: chinese economy
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Exploring the Risks of Deflation in China Amid Economic Slowdown
China is facing the threat of deflation, which many economists consider to be a more perilous situation than high inflation. The concern stems from a pattern of falling consumer prices, prompting fears of a deflationary spiral similar to Japan’s ‘Lost Decade’ in the 1990s. The Chinese government plans to issue special treasury bonds to stimulate…
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Biden and Xi Hold Talks to Stabilize US-China Relations Amid Ongoing Tensions
President Joe Biden and Chinese leader Xi Jinping met near San Francisco to engage in discussions aimed at stabilizing the relationship between the United States and China. The leaders held their first in-person conversation since February amid heightened tensions due to a suspected Chinese surveillance balloon, China’s stance on Russia’s involvement in Ukraine, and a…