MH.Yang
SENIOR MEMBER
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- Jul 21, 2021
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Global inflation is high this year. China and the USA grow by 3trillion, which is nothing more than 12%. Considering the inflation in the United States, the USA actually has negative growth.I don’t quite understand how both the US and China can expand by $3 trillion when economic growth was measly in both countries in 2021
India increased from 2.9 trillion to 3.3 trillion, an increase of 13%. However, India's CPI has exceeded 8%, that is, the actual growth is about 5%.
China's CPI is very low, the CNY exchange rate is stable, and there is a record trade surplus. But this also shows that domestic demand has declined, and there is even a risk of deflation. It is not enough for the Central Bank of China to cut interest rates alone. I think it should consider issuing more money.
In general, thanks to Powell and Putin, the world economy this year is a pile of rotten apples, and China is no exception. I just hope that the USA will not make an economic hard landing this time, dragging the world into a deep pit.