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Chinese economy expected to have slipped into deflation as recovery falters
(www.theguardian.com)
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this post was submitted on 08 Aug 2023
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"But deflation can hurt economic growth, as consumers will delay purchasing products if they think they will be cheaper in future."
Not if people are already mostly only buying what they need to survive.
LOL. "I think I'll starve because I bet I can save 3.5% on food prices in a month"
"I think I'll let my food rot in my broken refrigerator because I can save 3.5% on fridges in a month”
LOL. Gottem!
I mean, if it discourages people from buying new fridges when their old one still works that's good actually. A fridge that gets thrown out is just a waste, it's only due to braindead capitalist logic that this looks like growth.
Why don't you want a smaller market for fridges? It's essential product, but sustainable business if you can sustain yourself by providing services and repairs