Adam Wolfe in the The Wall Street Journal: ‘Deflation Worries Deepen in China’
12th JAN. 2024
In The Wall Street Journal’s recent piece, Adam Wolfe discusses the impact of inflation on China’s trade surplus and global frictions.
The chart below by Adam Wolfe of Absolute Strategy Research shows annual inflation ticked up from 0.2% in June to 0.3%. Core inflation and services inflation both accelerated, rising 0.8% YoY and 1.2% YoY, respectively.
“Persistent deflation or very low inflation in China could contribute to a higher trade surplus and more trade frictions with the rest of the world,” said Adam Wolfe, emerging-markets economist at Absolute Strategy Research.