Opinion

China’s Deflation Reflects Its Extra Crises

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China’s Deflation Reflects Its Extra Crises
An investor looks at a screen showing stock market movements at a securities company in Hangzhou, in eastern China's Zhejiang Province on Feb. 8, 2024. STR/AFP via Getty Images
Law Ka-chung
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Commentary

Whenever the U.S. and China are compared from an economic perspective, people tend to highlight the difference in prices: the former has high inflation while the latter has deflation.

Law Ka-chung
Law Ka-chung
Author
Law Ka-chung is a commentator on global macroeconomics and markets. He has been writing numerous newspaper and magazine columns and talking about markets on various TV, radio, and online channels in Hong Kong since 2005. He covers all types of economics and finance topics in the United States, Europe, and Asia, ranging from macroeconomic theories to market outlook for equities, currencies, rates, yields, and commodities. He has been the chief economist and strategist at a Hong Kong branch of the fifth-largest Chinese bank for more than 12 years. He has a Ph.D. in Economics, MSc in Mathematics, and MSc in Astrophysics.
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