Dictators are predictable; when trouble for them arises, they create a crisis to spread fear and secure their dominance. The result keeps them in power and most often gives them even more control. The people lose more freedom and liberty. China is having difficult economic times.
“China's consumer sector fell into deflation and factory-gate prices extended declines in July, as the world's second-largest economy struggled to revive demand and pressure mounted on Beijing to release more direct policy stimulus.
Anxiety is rising that China is entering an era of much slower economic growth akin to the period of Japan's "lost decades," which saw consumer prices and wages stagnate for a generation, a stark contrast to the rapid inflation seen elsewhere.
China's post-pandemic recovery has slowed after a brisk start in the first quarter as demand at home and abroad weakened and a flurry of policies to support the economy failed to shore up activity.
The consumer price index (CPI) dropped 0.3% year-on-year in July, the National Bureau of Statistics (NBS) said on Wednesday, compared with the median estimate for a 0.4% decrease in a Reuters poll. It was the first decline since February 2021.
The producer price index (PPI) declined for a 10th consecutive month, down 4.4% and faster than the forecast 4.1% fall.”
What will Xi do? He has complete control of Biden, McConnell, and others in our government. He knows Biden is weak, stupid, and indecisive. Whatever Xi does, he will have no opposition from the United States under this illegitimate regime.
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