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Chinese economy expected to have slipped into deflation as recovery falters
(www.theguardian.com)
this post was submitted on 08 Aug 2023
182 points (92.1% liked)
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Turns out, it's advantageous to loan out money when global interest rates were dropping to about 0. Who woulda thunk?
What are you talking about? China was never at 0% interest. What does that has to do with the previous comment?
The principle being, lower interest rates lead to more debt because spending is less expensive.