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Re:Interesting Interview with DeepSeek's CEO by kayewiggin on Tuesday December 31, 2024 @06:01PM (#42562515)
China's real estate prices having dropped 50% or more has been accompanied by/caused by wages being slashed 50% or more, and increasing unemployment rate, such as 30%+ for youth.

Here are some good posts on why nobody wants deflation:

https://www.reddit.com/r/AskEconomics/comments/uzq5bu/why_is...

https://www.reddit.com/r/AskEconomics/comments/mbsxyl/can_so...

https://www.reddit.com/r/AskEconomics/comments/yotf0c/i_dont...

also coincidentally and recently, China’s Xi Jinping asked ‘What’s so bad about deflation?’ amid economic slowdown https://fortune.com/2024/12/29/china-economy-deflation-xi-ji...

Re:Interesting Interview with DeepSeek's CEO by roenxi on Tuesday December 31, 2024 @10:43PM (#42563809)
So some might suggest that the problem is wages being slashed by >50%? Falling real wages are actually a problem. And, AFAIK by definition, are not influenced by inflation or deflation. But if wages had fallen by <40% and prices by >50% then the overall situation was probably improving. A bit chaotic to be comfortable, but not fundamentally worse.

And there is an unemployment problem too, obviously.

Re:Interesting Interview with DeepSeek's CEO by suraci on Tuesday December 31, 2024 @11:42PM (#42564007)
Your reference is a bs

'CCP is a secret and authoritarian regime that wields immense power' vs 'Some random reporter with English firstname and Chinese lastname know what Xi said before he go to bed'

Have you ever wondered if there's a tiny possibility that the media and the reporter *might* be lying?

...

Re:Interesting Interview with DeepSeek's CEO by rangestransform on Thursday January 02, 2025 @06:33PM (#42580267)
It’s definitely less rule by committee than the Hu administration, and even the Xi administration pre-deposing Li Keqiang