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submitted 2 years ago by RandAlThor@lemmy.ca to c/worldnews@lemmy.ml
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[-] agarorn@feddit.de 5 points 2 years ago

What's up with this weird jump in cpi? And what did China do Differently to us to not have high inflation?

https://tradingeconomics.com/china/consumer-price-index-cpi

[-] knfrmity@lemmygrad.ml 4 points 2 years ago

Investing in productive forces and quality of life for all makes for robustly strong economic indicators and basically no inflation problem. Cutting rentierism and in large part private profits out of the economy greatly helps these figures as well, and cuts off inflation at its source.

[-] Gargleblaster@kbin.social 2 points 2 years ago

Quality of life for the capitalist eastern seaboard. I believe that's what you meant to say.

[-] knfrmity@lemmygrad.ml 2 points 2 years ago

Not at all, I say what I mean and mean what I say.

There are some links in the study guide I linked in my other reply which go into the incredible improvements in material conditions for all Chinese peoples.

[-] socsa@lemmy.ml 6 points 2 years ago* (last edited 2 years ago)

Improvement in material conditions is when 60% of rural Chinese do not attempt high school, and 7% attend college, and their hukou caste system traps them in their birth villages forever?

[-] zephyreks@lemmy.ca 3 points 2 years ago

They didn't pump hundreds of billions of dollars into the free market?

[-] agarorn@feddit.de 2 points 2 years ago

Do you think china's market is free? If so, the stated owned companies are the ones carrying the debt. Not sure how different that is to a state having the debt.

https://www.cnbc.com/2021/06/29/china-economy-charts-show-how-much-debt-has-grown.html

And what about my other question. Where does this jump come from?

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this post was submitted on 08 Aug 2023
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