Skip to content
Connect
Stories

Deflation 101: Northeastern expert weighs in on China’s deflation woes

People in this story

Consumers buy vegetables at a supermarket in Zaozhuang, East China’s Shandong province, Aug 9, 2023.

While the United States is fighting inflation, China—the world’s second-largest economy—seems to have the opposite problem: deflation. In July, consumer prices fell in China for the first time in two years. Several economic issues have hit China since lifting COVID-19 restrictions. There has been a drop in exports and the real estate market has been in a downtown.

China’s economy has dipped into deflationary territory. But what exactly is deflation and why are people worried about it? William Dickens, distinguished professor of economics and social policy at Northeastern University, explains that while the opposite of inflation may sound good, deflation is a problem you don’t want to have…

Continue reading at Northeastern Global News.

More Stories

Alessandro Vespignani working at his desk

Northeastern receives $17.5 million from CDC to launch infectious disease prediction center

09.19.2023
US citizens Siamak Namazi (C-with glasses) and Morad Tahbaz are greeted upon their arrival at the Doha International Airport in Doha on September 18, 2023.

Ransom payment or effective negotiating? How the US freed five captive Americans in Iran

09.19.2023
Selenis Leyva attends the 'Orange Is The New Black' Final Season Premiere in New York.

Stand-up comedy and academic research converge in new speaker series ‘Latinxs and Comedy’

09.20.23
Featured Events