RandAlThor@lemmy.ca to World News@lemmy.ml · 1 year agoChinese economy expected to have slipped into deflation as recovery falterswww.theguardian.comexternal-linkmessage-square147fedilinkarrow-up1199arrow-down118cross-posted to: worldnews@lemmy.ml
arrow-up1181arrow-down1external-linkChinese economy expected to have slipped into deflation as recovery falterswww.theguardian.comRandAlThor@lemmy.ca to World News@lemmy.ml · 1 year agomessage-square147fedilinkcross-posted to: worldnews@lemmy.ml
minus-squareemergencyfood@sh.itjust.workslinkfedilinkarrow-up8·1 year agoAfter the 2008 financial crisis, the Chinese government and state-owned banks pumped something like a trillion dollars into the economy, cushioning the impact of the recession. That was one thing they actually got right.
After the 2008 financial crisis, the Chinese government and state-owned banks pumped something like a trillion dollars into the economy, cushioning the impact of the recession. That was one thing they actually got right.