While many central banks around the world are still trying to cool inflation, China is grappling with falling prices.
The Consumer Price Index (CPI) dropped 0.5% in November on an annual basis, the biggest fall since the depths of the pandemic three years ago, according to data released by China’s National Bureau of Statistics on Saturday.
The drop marked an acceleration in the rate of deflation from October, when the CPI fell 0.2% from a year earlier, and prompted calls for urgent action from Beijing to boost demand and prevent a downward spiral of prices.
The data come days after Chinese policymakers vowed to strengthen fiscal and monetary support to boost the world’s second biggest economy, which is struggling with a real-estate crisis, high youth unemployment and subdued consumer confidence.
Worthless shit is Worthless. China’s push for quantity over quality is catching up with it. Maybe the United States auto manufacturers will learn that, but I doubt it. They designed their vehicles to break on purpose.
China just makes what people ask it to. So many places moved all their production to China for cheap labour, and most companies trying to skimp on one thing are also going to skimp on others like materials and quality control. iPhones are also made in China and most people consider them to be high quality. The problem is more just capitalism than China specifically.
iPhone are garbage as are most Apple products. They have been trailing the industry for over a decade.
I have no love for Apple, I’m just referring to the build quality.
Build quality hasn’t ever been good. Tgr screens have always been terrible.
Understandable, have a nice day.