It's always fun to see economic experts just not understand that profit isn't the main motive for China's policies. They want deflation because deflation means people can buy more stuff. Which is bad for investors but great for just about everyone else and the economy as a whole. It causes some real embarrassing moments like the recent visits by US politicians to China complaining that China's investment model is crushing anything they are doing but instead of actually coming up with their own long term goals and planning accordingly like you would do with pretty much any business the US instead acts more like a money lender for gambling addicts and you wonder how the US ends up with that many trillions of debt and still can't produce most of its own things that on par with quality let alone price with not just China but much of the world.
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