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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
181 points (91.7% liked)
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It's a bad thing because the economy slows down and companies have less income, which means less pay for the workers.
Yer it wont trickle down!
Companies have been making record profits for years and wages have stagnated, which means less pay for workers.