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Pantheon reckons Chinese deflation will continue:
China will Export Disinflation, not Inflation, despite New Stimulus
The last thing the world needs right now is another source of inflation, so China’s stimulus announcement last Tuesday was met with consternation in some quarters. But we think China will be a source of lower, not higher, inflation this year. The new Chinese stimulus package—as it currently stands—should further reduce price pressures.
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.