Tag Archives: deflation

Andy Xie: Reform Needed to Curb Deflation in China

Andy Xie, renowned Chinese economist, considers that fundamental reforms are needed to curb deflation in China. Cutting interesting rates, for example, is not sufficient. The People’s Bank of China has just cut interest rates again. It may support the stock market for a few days, but it won’t reverse the deflationary trend in the economy. It […]